how do debt relief companies work

What about forgiveness of debt of firms?

I have about $ 11,000 debt on a credit card. This is too much for my income of about $ 24,000 per year. I deserve it, while going through a divorce. I considered trying to cross one of the companies debt relief, but I am skeptical if it's a good idea. I make my minimum payment each month. And I hope to have a regulation on divorce in a few months, must pay the debt. Please tell me If you have already worked with one of these companies debt relief. If so, what was your experience? Would you recommend? My credit is excellent and they just doubled my rate of 7% to 15% of implantation economic times, but never been in arrears. I wonder if I'm better to keep paying the minimum each month and at least maintain my good credit. So I will try to buy a house after the divorce is final monthly cost is less than the rent you pay now and an investment too. What do you think? And thank you for the replies so far.

I do not think much of them. You can negotiate with and card companies credit as easily as corporate debt cancellation. Contact card companies directly, explain your situation to them. Communicate with them in writing will be better, but the phone is fine as long as taking good notes and get the name or identification number of the person to contact you. Actually there is not much to negotiate with them as you can / will pay the minimum payment each month. The exception is the interest rate they charge. You may be able to get to reduce the rate of some, if the credit is still good (According to the divorce). A licensee who is the minimum payment at this time, but you pay the entire balance in the next 12 months is the least of his concerns at this time. One last note. Do not count your dollars Regulation divorce soon. I recommend going with an alternative plan for pay the debt if the divorce settlement dollars less than expected. It is then you really have to work to find a settlement with creditors.