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binky · 01-03-2008, 11:52 AM

We did a debt management program, and though it took 5 yrs, it really felt good when the last payment was made. We mananged to buy a car during this time, so apparently it doesn't trash your credit THAT badly. Just make sure that you can get interest rate reductions. One of our creditors wouldn't reduce interest. 5 yrs was certainly better than the 30-40 yrs they say you would pay for when paying only minimum payments!

01-03-2008, 11:52 AM	#8
binky all hollowed out Join Date: Jan 2005 Location: Ridgecrest, CA Posts: 982	We did a debt management program, and though it took 5 yrs, it really felt good when the last payment was made. We mananged to buy a car during this time, so apparently it doesn't trash your credit THAT badly. Just make sure that you can get interest rate reductions. One of our creditors wouldn't reduce interest. 5 yrs was certainly better than the 30-40 yrs they say you would pay for when paying only minimum payments! __________________ The meanest Mom EVER!!!!