Posted on June 22, 2009 at 4:14 pm
Not necessarily. Do you have a source of income? If you could set aside a set amount of money each month you may be able to save enough money to settle your debts. This depends on how much you owe of course and what you could potentially save each month.
How much is it that you owe right now? Is everything in collections? And finally, do you have any disposable income?