Assistance Please: Negotiating Credit Card Debt Question.
We have some close friends that may be six months away from filing for bankruptcy. One of them is on disability from work, not bringing in enough to pay all the bills. I'm trying to help them find some (free) resources that may be able to help steer them in the direction of negotiating a settlement with the creditors (Visa/Amex/MC). I keep reading that they should be able to do it on their own and yadda-yadda-yadda. But what I have yet to find is a list of steps they need to take in order to do it successfully. Correction: I have found a couple of lists but not from reputable sources, unless you count eHow.com as such.
I have looked on Clark Howard's site and found a literal mess of code where his recommendations should be. I have looked at Dave Ramsey's site and all my entries into his search bar take me to his online store. I have looked at Suze Orman's site. I have rarely seen someone so in love with herself as that lady. After pushing past all the promotional material I found nothing useful. I have even tried to find past articles on TMF with no luck.
If any of you out there in TMF-land have walked this path before or can comment with a link to a site that may help I know they would appreciate it.