[scottmandue]

We have decided we need to pay off all our credit cards. Wife had heard of these "services" that roll all your debt into one and pay it off for you, the advantage being that they negotiate with the CC company to settle for a fraction of what you owe. Downside being they charge for the service.

I met with a friend of the family last night that is a retired financial councilor and he seemed to be under the impression CC companies only negotiate if you have missed several payments.

Now I have always been a pay my bills kinda guy so I'm not behind on anything.

So has anyone ever negotiated their debt down with a CC company?

After talking with our friend it seems like a refi might be the best solution.