Best answer from question by Alicia H:
Answer by blcohen529
You do not necessarily need a debt consolidation company to make deals with creditors. Contact Chase with a reasonable offer.
Tell them if they and a few others do not make respond favorably, you will file bankruptcy (threat not to carry out).
well you could borrow the money from some other source the source would make a check payable to chase and the other folks you owe money to — but do not fall in the trap a lot of folks do!!! the are out of debt except for this one big debt and than they take there credit cards and go on a spending junket!!!
The truth is: no.
You have 2 options: First, a loan (either a personal loan or refinance a mortgage if you are a home-owner) and you will not qualify based on credit in your situation.
Second, a debt resolution program like credit counseling or debt settlement. Neither would be ideal since you don’t have a lump sum contribution to settle and the account is already in a stipulated judgment status.
You are best off just calling the law firm and negotiating for a one time settlement directly with them. Assume it will be somewhere between 80%-100% of what you owe.