From How to Get Out of Debt My wife and I currently owe about $27k in revolving debt, and she has recently lost her job and I am getting hours cut at my employment. We realized that we were living paycheck to paycheck and that we needed to do something quick. I was approached by World Law Group and signed up with them just recently. I read what you had to say about the agreement, and I am afraid we may have made a big mistake, as some of the salespersons claims do not jibe with what the agreement states. He said that World Law Group was a network of attorneys, and that we would be assigned an attorney in state that we could have regular contact with during the process. They are collecting fees up front, and no significant money is going in to the escrow account till about a year’s time. Most all of our revolving credit accounts is within the 2-3k range, with the exception of Barclay bank which we have two $4k accounts with. Their claim of 40% settlement makes me nervous, basing it on a three year plan with a deposit of $524 a month into an account. We will likely make additional moneys available as we can. We have yet to make our first payment, which is on the 25th, and we are current with our creditors at present, but doubt it will be possible much longer. We filed chapter 7 in 2002, and long story short, we have gotten ourselves in trouble again. Is it pie in the sky to think they will realistically have a shot to settle our debt for 40% of what we currently owe, based on the small amounts of individual accounts, I was also wondering if it would be unlikely that they would sue us. I am afraid of all the fees and interest piling up and don’t know if this is worth trying to pursue or not. Thank you! John This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments section below. Source:

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I Signed Up With World Law Group But The Estimates Make Me Nervous. – John

A:The best way for you to push this back on him is to go bankrupt, assuming you have no assets. Or if you can show you have less than ￡50 pm after living expenses then a Debt Relief Order. …

Source: Joint loan cousin had never worked and all the money I pay my …