From the creditor's point of view, you may be wasting your money & time. Your creditors are not required by law to work with any debt service. In my experience, the request we received from places like Greenpath were form letters. They never made a personal plea on behalf of the client, stating their case. They faxed us a letter, we said yes or no. If it was a no, depending on the service we'd get a 2nd request, then we'd never hear from them again. In the meantime, time was working against the client. In our computer, requests from debt services did nothing to change the past due balance or dates, so it was still that much closer to a lawsuit, leaving them even less time to try to make arrangements on their own above what they were paying to the debt service. The only time we'd say yes is when the service offered at least as much as the min we'd take in court.
at 9:59 PM on Jul. 19, 2009