Debt Management Program Advisor

boxbeatle asked:


There are two types debt management programs. One is where a company negotiates lower interest rates, you pay them, then they pay all your credit cards every month.. The other type is a company that negotiates a settlement for less than amount owed. This company just pays one card at a time, and get them paid off quicker than the first option. Which type is worse to have on your credit report?

Matthew

davis asked:


I am living in GA,I have 20k debt in my credit cards,somebody called me from CA,He said he can work out my problem,he has a debt management program,I just need pay 10k in three years,I will be debt free after that,now he ask me to provide my checking account number,and SSN,he guarrentee to make me approved.
I am wondering whether there is such good thing existed?
how to verify his identity?how to avoid being decieved?

Thank you.

Gary