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Does anyone know if Debt Elimination programs really work without bankruptcy?

Lisa J asked:


I filled out an online application for information about getting rid of debt, and I’ve heard that you can legally eliminate your debt?? I’ve know that Settlement is a good option, but not sure about Elimination. Anyone know?

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This entry was posted on Monday, November 23rd, 2009 at 3:17 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Does anyone know if Debt Elimination programs really work without bankruptcy?”

  1. Create a video blog...instantly. says:
    November 24, 2009 at 11:37 am

    Caffeinated Content

    those programs are a ripoff. they charge a lot of money to do things you can do yourself for free or cheap. Visit the Troubleshooter website for more info.

  2. Caffeinated Content says:
    November 26, 2009 at 2:30 pm

    Caffeinated Content

    messes up ur credit and chance to get mortgages.
    visit dave ramsey.com to learn ur hard lessons from others mistakes.

  3. Website content says:
    November 27, 2009 at 3:27 pm

    Create a video blog…instantly.

    No they do not work. They charge you with something you could do for free by yourself with a little documentation. They do not and cannot “eliminate” your debt but get it charged off and ruin your credit. You may also have to PAY taxes on the amount that is written off or “forgiven” as it is considered gain by the US government.

    See dave ramseys website for info on this and other stupid taxes…

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