Originally Posted by dazzle740
why not try a debt consilidation firm to sort all his debts, they will go through everything that he owes plus woork out what he can afford to pay whilst still paying for his rent they will then contact all the recievers and arrange for the interest to be frozen and set up a agreed minimum payment.
DO NOT EVER USE A PLACE LIKE THIS !!!!,,,, THEY DO NOTHING BUT PAY OFF ALL YOUR DEBTS AND GIVE YOU ANOTHER LONGER TERM LOAN WITH A MUCH MUCH HIGHER INTEREST RATE AND HE WILL PAY TWICE THE FULL VALUE OF HIS OLD DEBT AT THE END
that means if hes total loans WITH INTEREST come to 20k he will be paying back 40k over a longer period of time
if he approachs the companys himself he will still pay the 20k with the interest BUT he will be allowed to pay a reasonable amount where at the same time he defaults and wont get credit,,,,,,, its a much better solution
debt managments companys love the fact that people are ignorant and trusting when in debt and the ones who really want help and are honest usually visit them and they rape them over alonger part of time
they should all be closed down as they go round a law that dont allow you to get a loan to pay off a existing debt by paying it all off FIRST then they get the cash off you rather than get a loan to pay a loan
there worse people than drug dealers imo but allowed to do it as they aint breaking a law
