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Would it be better to get into a debt management plan or settle when it goes to collections?
I have a credit card debt of about $9,600.00 with a major credit card provider. They are charging me 24.99 % interest. The minimum payment is around $300.00 and $200.00 of this is interest. What would be the best thing to do? Should I use a debt management program to pay it off or stop paying it all together and let it go to a collection agency where I could then settle with them and ask that when I settle that they remove the negative information from my credit report?

I am currently on a debt management plan for my credit cards and found out one account went to collections?
back in December of 2007. Since then I have kept making payments to the credit card company through debt management. Is there anyway I can get back the payments I have made to the credit card company since it went into collections and since none were applied to my overdue account?aksjfda ksjdfgasorry about that. Yes I can provide proof payments were made to the credit card company all my other credit cards have been receiving payments through the debt management plan so no it is not a scam. I was never informed that my account had gone into collections so just kept making payments as usual.

Is it legal to have a debt management plan and save on the side?
I mean to go on a debt managment plan to reduce interest on your credit cards and in the mean time save on the side to clear the balances in one payment?

Is a debt management plan a bad idea?
I was thinking of entering a debt management plan to pay of some bills to leave myself with more cash at the end of the month, however I seem a little bit weary of this, is it a bad idea and has anyone ever entered one. I contacted a company called Chase Saunders who appear to be very keen to help me out with my debts, can anyone advise me whether this could be a bad idea to do this or whether its just best to work out my debt problems myself to keep a credit rating at least

40K in debt. Am I better off with a debt management plan or a trust deed (Scotland)?
I am 40,000 in debt through unemployment, illness and having been tempted by easy offers of credit in the past.Working now and struggling to keep up with all the payments. Not a homeowner.Contacted a debt charity about a DMP and they have drawn up a plan based on a salary I no longer earn, and won't believe me when I say I'm not on that much the payslips I gave them included overtime. They insist on payment over 5 years but that means I would have almost nothing to live on. I thought I could pay over a longer time, but they say no. Is there a time limit on a DMP?I have looked on the internet and found out about Trust Deeds like IVA in England and Wales , where you pay as much as you can afford over three years and the rest is written off. Any advice would be welcome. I am aware of the seriousness of my situation and have been suicidal about it, so please no moralising about my getting into debt, which I have had enough of from the charity. Just post if you can give me sound advice. Thank you so much.

Anyone being on a debt management plan and being able to get hire purchase?
Hi, my car has completely sh t itself, i have spent over 1200 on it so far this year and it needs more work done to it. I feel now it is not worth wasting anymore money on it and would need to change it and every year it has also cost at least 300 to MOT. I am currently on a dmp with Payplan and i am just wondering, as they are not open today so i am unable to contact them if anyone else has been in my position and being able to get HP for a car whilst on this?By the way i am in the UK

Which company is best at debt management plan?

How much will a debt management plan save a month?
I am looking into a debt management plan. We tried a home equity loan but our credit has gone down to far for it. The one that I just applied for said they save on average $125 a month....that won't cut it. Anyone have been success than that? I don't need lectures...unfortunate health circumstances put us here. We just want a better life. I would love to hear success stories

Is a debt management plan a good option?
I am thinking about getting into a debt management plan because my unsecured credit card debt is getting out of hand. I would have no problem paying my monthly payments if my interest rates were not so high. I do not know much about a debt management plan so I would like to ask some questions before I decide to enter into one. First, will a debt management plan have any effect upon your credit score? Will it make it decrease, increase, or stay the same? Second, can you get out of it if you decide it is not for you? Third, can they prohibit you from using a credit card that you have not used if you feel their is a need to use it, like for an unexpected problem or emergency? And lastly, why would credit card companies want to lower my interest rates and monthly payments just because I am in a debt management plan? Will the credit counselor of the debt management plan really be able to get me lower rates and payments?

Does a Debt Management Plan hurt your credit score?
I am thinking about getting credit counseling and enrolling in a debt management plan. But I want to know if it hurts your credit score. There seems to be so many scams out there right now.

Does Debt Management Plans really work ?
Does Debt Management Plans really work or are they scams? What would be the best way for someone who owes $10,000 in credit card debt to bring their debt down.

Debt Management Plan?
Can the companies that I owe money to threaten to take my house or flat once that I am in a Debt Management Plan?

Can I stop my Debt Management Plan when I like?
Hello all Can I stop my Debt Management Plan when I like?Please share your suggestion here....

Hi! I,m thinkin of getting a Debt Management plan with a company called ChurchwoodFinance R they any good ?
They r asking 4 a payment up front, and then a monthly direct debit 4 36 months. Any advice on this matter will be gratefully received