Host: If I do my own debt cancellation plan, where do I start?
Markita Aldridge-Woods: Again, the first thing is to contact the creditors; once you have contacted them, you do need they hear to a payment plan. If those accounts have already become charged off accounts, meaning the creditors no longer even contacting you about them, then the best thing that you can actually do is offer them a settlement. Offer them a settlement at 25 cent on a dollar. So, for every dollar you owe, offer them 25 cent of that and try to come to some resolution. However, the key thing is once you have made this payment plan and this promise to pay, you must adhere to the payment plan or the consequences are actually going to be worse.