<human>: Okay so here's a little background.  We have $26,000 in credit card debt, and pay roughly $750 per month on minimum payments.  We want to get out of debt especially since her student loans have kicked in and we are paying those now, and mine will start in December.  

We received a letter claiming we could reduce our debts by quite a lot and so I called the number.  The end result seems to be we can use this group of lawyers to get our debt reduced.  The numbers quoted were 36 months @ 458.67 per month.  No other fees or anything.

The thing is that when we do this all of our credit cards will be closed.  We don't necessarily have a problem with that since the cards are what we used to get into this problem in the first place but we are a little worried of the affect of this on our credit.

Couple of questions...am i missing something obvious here as to why I shouldn't do this?  It sounds really good to me.  Also, is there any other negative thing that can result from them closing our cards?

Thank you for reading.

Can you provide a brief overview of the text?
<bot>: Have lots of card debt and an opportunity to pay it off in 3 years for less per month than we are currently paying.  Too good to be true?