Best Ways to Settle Credit Card Debt FAST:

1. Hire The Best Debt Settlement Company
2. Do It Yourself Debt Negotiation Elimination

Hello,

Without assigning blame for the past, here is where my spouse and I are at, and here is the situation.

Current Credit Score 710 -Trans Union

In December 2006 We enrolled in Credit Card Counseling:
December 2006 Credit Card Debt = $69,257
Current Credit Card Debt = $35,318
PMT = $1530 per month
Average Interest Rate = 9%

Mortgage = $169,483.56
interest= 7.55%
PMT =$1222 without Escrow $1457 with Escrow
Value = Estimated at $130 in this market.

Situation

Contract at work changed = Various decreases over 2009 growing to a negative $1400 per month reduction by year end.

Unplanned third child coming in July = $550 estimated monthly cost increase.

Second Job obtained = $777 per month increase

Total Net income monthly deficit by year end = $1,173.

We have approached both the Credit Card Counseling Company and the Mortgage Company and provided them all of the details, tax returns, w2's ect. I have provided them documentation of the details of my forecast.

What do you think I might be able to renegotiate with the House and the Credit Card companies. We have never missed either payment. We are alright at the moment, just saving money bracing for the summer and fall. Our goal is to be in a position to remain current, keep the house and pay down the debts.
Judy, you did not answer the question?

I don't know how much this will help you but you actually have a decent credit rating, have you thought of lowering your house payment by getting a lower interest rate by refinancing your mortgage. It could free up monthly income to reduce credit card debt