People please beware of companies like these! They know there are alot of people out there with bad credit and they have bad credit for a reason. That $5000 credit limit is a dead give away. People with low credit scores can't even get $100 credit card limit at department stores. Pay off your bills, consolidate, contact some credit bureau and dispute some of your bills (you will be suprised at what they can take off cause they cannot prove the bill belongs to you) after all that then contact some of your creditors and tell them "hey, i know i owe you $500 but i am about to file bankruptcy so i would like to settle this debt.
I can afford to pay you $100 that's it take it or leave it" (you will be suprised at how many debts you can settle this way). Why would you want another $5000 debt if you are already in $15000 debt anyway? Don't be a sucker! There is a reason why they sent YOU that letter.
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