The steps you can follow yourself to pay off your debts and/or negotiate reduced payoff amount are:
1. Run a credit check on yourself (first one is free by law).
2. Find out exactly what your creditors THINK that you owe and to whom (and whether or not you agree with that)
3. Call the credit manager directly yourself and see if you can arrange payment terms and/or negotiate a reduced/discounted amount and a payment schedule that works for you. Often times they could be amenable to 50% or 65% of the revenue for accelerated payments or payoff within the year or shorter timeframe.
4. If you don't want to do this yourself or aren't satisfied after having called, then contact a NON-PROFIT CREDIT CARD MANAGEMENT COUNSELING SERVICE:
Here are a few links :
Here's an except from CCC advice site:
"Key problems highlighted in the NCLC/CFA report include:
Deceptive and Misleading Practices: Among other problems, we described agencies that do not pay consumers' DMP payments on time, that deceptively claim that fees are voluntary, and that do not adequately disclose fees. In many cases, agencies deceptively exaggerate the types of concessions they can get from creditors to get people out of debt.
Excessive Costs: As creditors have reduced funding, some reasonable fee increases are to be expected. However, in an industry that rarely charged for counseling and other services a decade ago, the vast majority of agencies now charge fees for services. At least a few agencies charge as much as a full month's consolidated payment simply to establish an account. Monthly DMP fees and costs for non-DMP services are also growing.
Abuses in Non-Profit Status: This is the focus of our testimony today. The reality is that non-profit agencies are increasingly performing like profit-making enterprises. Many agencies aggressively advertise and sell debt management plans and a range of related services. The multi-service counseling, education, and debt management plan provider is becoming the exception rather than the norm.
Decline in Consumer Education and Counseling Options: Consumer educational services are rapidly declining. Many agencies that claim to provide education and/or counseling merely sell slickly produced, but unhelpful, CD ROMs, videos or internet information. For example, our survey of agencies not affiliated with the National Foundation for Credit Counseling (NFCC) found that only five of the forty agencies surveyed offered services unrelated to DMPs. Among this minority of agencies, four out of five charged for these other services, including books and videos on debt problems"