Debt Relief Organizations

Never dealt with them before, but I hear it puts a black mark on your credit for a long time. I assume this person does not own a home? Otherwise a Home Equity Line of Credit, or some other way to get a loan to consolidate these debts would be a much better way to go. Sometimes you may have to just suck it up, get rid of some assets, and use whatever money you can make (from selling a car, motorcycle, boat) to pay down these cards. We are talking credit cards right?

Tell him: Don't do it!

Print this and give it to your friend: http://www.creditinfocenter.com/debt/DebtConsolCompanies.shtml- ideally he should go to the URL and follow the links himself.

Then print this one:
http://www.businessweek.com/magazine/content/01_44/b3755094.htm

From my limited knowledge and a friend with a Masters in Business DON" DO IT.