What Actually Happened
$27,400 of credit card debt with 4 cards shared by my wife and I. We signed up with a debt relief company in July, 2024. (22 months ago). With a monthly payment of about $200/mo and their negotiating debt down, we have paid off two cards ($8,800 of debt). They estimate that we will only pay back $13,700 over 6 years. A 3rd card is scheduled to be paid off in 2027 and the 4th is being negotiated.
We were initially worried about our credit score. My credit score has since bounced back. We have no
What I wish I knew
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Advice to Someone Facing This Now
If I could tell you one thing
"N/A"
Regret Score
5/10
Significant downsides.
Complicated feelings about the outcome.
Complicated feelings about the outcome.
Finance Category Average
?%
of Finance decisions share a similar regret distribution. (Coming soon)
Impact
-
Financial and Psychosocial impact distributions for this subset.
Advice for Someone Facing This
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