James

Why does it have to be long term?

Hi, how you doing? Good. I was wanting to ask a question. About two years ago, my wife and I decided we had had enough of the debt and what you call, I guess, the chase of trying to keep up with credit and all that. So we decided to start paying everything off. We have our house, of course. We're still paying on that. But we had a car on a loan, and we had credit card debt.

Hi, how you doing? Good. I was wanting to ask a question. About two years ago, my wife and I decided we had had enough of the debt and what you call, I guess, the chase of trying to keep up with credit and all that. So we decided to start paying everything off. We have our house, of course. We're still paying on that. But we had a car on a loan, and we had credit card debt.

Hi, how you doing? Good. I was wanting to ask a question. About two years ago, my wife and I decided we had had enough of the debt and what you call, I guess, the chase of trying to keep up with credit and all that. So we decided to start paying everything off. We have our house, of course. We're still paying on that. But we had a car on a loan, and we had credit card debt.

The car and the loan together was somewhere around $45,000, something like that. We've got the car down to $5,000. Now, the credit cards was about $25,000 to $28,000. So just before we heard Dave Ramsey, and we went with a company called National Debt Relief, and we're trying to get out of that because...

The car and the loan together was somewhere around $45,000, something like that. We've got the car down to $5,000. Now, the credit cards was about $25,000 to $28,000. So just before we heard Dave Ramsey, and we went with a company called National Debt Relief, and we're trying to get out of that because...

The car and the loan together was somewhere around $45,000, something like that. We've got the car down to $5,000. Now, the credit cards was about $25,000 to $28,000. So just before we heard Dave Ramsey, and we went with a company called National Debt Relief, and we're trying to get out of that because...

uh they pretty much lied to us they said that's going to charge us so much for what the settlements were and then we find out it's so much on the original cost so by the time it's said and done we're paying the same amount we had before maybe can i get out of that can't that's the question have you kind of done some due diligence to find out what it would take to get out i mean how much have you paid into it so far uh we've been paying for two years now uh

uh they pretty much lied to us they said that's going to charge us so much for what the settlements were and then we find out it's so much on the original cost so by the time it's said and done we're paying the same amount we had before maybe can i get out of that can't that's the question have you kind of done some due diligence to find out what it would take to get out i mean how much have you paid into it so far uh we've been paying for two years now uh

uh they pretty much lied to us they said that's going to charge us so much for what the settlements were and then we find out it's so much on the original cost so by the time it's said and done we're paying the same amount we had before maybe can i get out of that can't that's the question have you kind of done some due diligence to find out what it would take to get out i mean how much have you paid into it so far uh we've been paying for two years now uh

what we have agreed we started with that 27 and we agreed it says that we've got everything settled but then not counting what we're paying the payments on yeah yeah but uh well but what's not settled is about 8 000 but if you go with the payments and everything we're still at about 15 000 yes i just cut it off because i paid a couple off but i said the rest to go so and uh it's costing us 400 and 460 a month for that and how much of that is actually going to it do you know

what we have agreed we started with that 27 and we agreed it says that we've got everything settled but then not counting what we're paying the payments on yeah yeah but uh well but what's not settled is about 8 000 but if you go with the payments and everything we're still at about 15 000 yes i just cut it off because i paid a couple off but i said the rest to go so and uh it's costing us 400 and 460 a month for that and how much of that is actually going to it do you know

what we have agreed we started with that 27 and we agreed it says that we've got everything settled but then not counting what we're paying the payments on yeah yeah but uh well but what's not settled is about 8 000 but if you go with the payments and everything we're still at about 15 000 yes i just cut it off because i paid a couple off but i said the rest to go so and uh it's costing us 400 and 460 a month for that and how much of that is actually going to it do you know

They tell me, well, that'll be your choice, but the money you've already paid in, that'll be up to the creditors if they actually apply that to your debt or not. And if not, then I was like, well, where does the money go? Well, they get to keep it. And I was like, huh? They can't just keep the money if I've already paid so much. One in particular, which I've paid on them for 18 months now.

They tell me, well, that'll be your choice, but the money you've already paid in, that'll be up to the creditors if they actually apply that to your debt or not. And if not, then I was like, well, where does the money go? Well, they get to keep it. And I was like, huh? They can't just keep the money if I've already paid so much. One in particular, which I've paid on them for 18 months now.

They tell me, well, that'll be your choice, but the money you've already paid in, that'll be up to the creditors if they actually apply that to your debt or not. And if not, then I was like, well, where does the money go? Well, they get to keep it. And I was like, huh? They can't just keep the money if I've already paid so much. One in particular, which I've paid on them for 18 months now.

In total, I'd say I paid about half. That actually went to the creditors. I paid off two cards completely. One was $3,500, one was $2,200, and we still have a couple cards that's not even been made a deal on yet, that's not even been touched yet.

In total, I'd say I paid about half. That actually went to the creditors. I paid off two cards completely. One was $3,500, one was $2,200, and we still have a couple cards that's not even been made a deal on yet, that's not even been touched yet.

In total, I'd say I paid about half. That actually went to the creditors. I paid off two cards completely. One was $3,500, one was $2,200, and we still have a couple cards that's not even been made a deal on yet, that's not even been touched yet.

Well, I'm paying into a pool. I've paid off two cars. Those are done. And then I have two more they haven't even touched, and I have two that they're making payments on. One of them is a small one, but one was a big one. It was like $12,000, $13,000. And supposedly I've paid half of that off.