Debt Mediation?

245
10
Joined Nov 27, 2007
I currently have ~$20,000 in credit card debt (tuition + irresponsible spending) and I have been receiving letters in the mail about debt mediation. They offer to cut the debt nearly in half, but I'm not sure of the negative consequences.

Has anyone ever dealt with a debt mediation program?
 
16,084
7,046
Joined Jul 27, 2006
just try to work with the cc company. if you are consistent with your payments and you stay in communication. i am sure they will work with you. nothing in life is free...so read the fine print of those mediation programs.
 
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