Debt Help Please
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Debt Help Please
| Tue, 12-21-2004 - 11:16pm |
My husband and I joined this program called DMCC, one of those non-profit debt consolidation programs and we've entered it because he lost his job and I felt the tech crunch. We put ourselves in about 20k worth of debt. We pay our monthly bills on time DMCC will not post how much debt we have left. I really do not know how much we owe anymore and dont think this is working. I cant get a second-home mortgage loan to consolidate because we dont own a home. I know that our credit score has gotten hurt because of it because it shows as a debt management entry in our report. Credit card companies will give us a new account for a small balance so I cant transfer the debt that way. And since joing DMCC I cant negotiate with the credit card companies because they talk to me tell me I must contact DMCC. SInce I am working now and so is my husband, we can afford $1000k per month to payoff my debt and have been with DMCC over the last year and half and dont think its gone down dramatically. What can I do to paydown my debt faster because it doesnt seem DMCC is working. I own no assets and live rent free with my folks until we get debt-free....please any advice will help.

Hello saerapark - thanks for posting!
All my best,
Danni