What is your opinion about the settlement company?
I have 2 huge accounts with Chase and Citi Card. The total debt amount is $47,000. I have tried to negotiate with them, but it didn’t work out. I have consulted a debt settlement company. I must say the people are pretty informative. The representatives told me that they can settle the debt within 3 months. They can reduce the debt amount by 85%. Really!!! That will be great!!! I need to only pay $2500 to them while joining the program. I am ready to pay this amount. They also told that my credit score will increase by 100 points. What are your suggestions?