Was the outcome good? What are the pros and cons?
pros- debt collectors stop calling and harassing you
cons- on your credit for 10 years, will find it very hard to get any credit at all, won't be able to get a mortgage if you want one, won't be able to get car loans, etc.
i wouldn't recommend it unless you can't possibly do it a different way. even if getting out of debt takes some research, hard work, negotiations with the companies, and years to do, it is better to correct your credit than spend 10 years in credit hell.
