It seems every credit counseling service needs current credit cards statements inorder to help someone. I don't ahve current credit card statements because they are several years overdue and belong to collection agencies now whcih I don't even recieve statements from. Is there a servce that can help me despite this fact? Or am I SOL?
2006-11-02 03:03:05 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
You should just tell the counseling companies exactly what you wrote there. They should be able to work around that lack.
2006-11-02 03:05:48 · answer #1 · answered by Rich Z 7 · 0⤊ 1⤋
Credit counseling requires too much and you will end up paying more than you owe sometimes. the best thing for you to do is try and rebuild your credit on yuor own. thats if you are serious and really ready. start by calling the companies you owe and setting you some type of payment plan.
if you oew more than two, try paying off at least two at a time. then go friom there and you will be debt free sooner than you think.
Or you can put money aside from your paycheck an open an account and do not get a debt card fo it, just authorize the creditors to take out a certain amount each month
2006-11-02 04:52:07 · answer #2 · answered by Kiwi 2 · 1⤊ 0⤋
A credit counseling service can help you with budgeting and with developing a strategy for dealing with debt.
A debt management plan will not help you though, because collection agencies do not offer benefits that the original creditor does. They are correct to discourage you from enrolling if you will see no benefits.
You may wish to negotiate a settlement with creditors on your own to satisfy the more recent debts that you cannot pay in full. The older debts can generally be left until last, unless they threaten a judgment. Remember that debts will fall off your credit report after 7 years. Furthermore, each state sets a statute of limitations, many of which are only 4 or 5 years. If the debt is older, you generally have no more liability for it.
2006-11-02 04:46:05 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The previous answer from "StopCCDebt" is correct.
Collection agencies will not work with consolidation companies.
You should try negotiating them.
Here is a free kit with sample letters: http://www.expert-credit-advice.com/free_credit_repair.htm
Here is a the same company that offers that service very inexpensively: http://www.expert-credit-advice.com/debt_settlement_service.htm only $100 for up to 10 accounts.
Your credit is still SOL, unless you start paying down these debts, dispute the negatives and start adding some positive credit.
Look for the article called "building credit" on that website, I cant find it..... It will show you....
good luck my friend , you can do it
2006-11-02 04:50:37 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Forget credit counseling services. You know they are owned by VISA, Mastercard, and the like. They want your statements so they can reinstitute the debt. If you got 2 years of not paying, than wait another 5 and the debt will be gone. In the meantime you can try to rebuild your credit with a debit card that you give money too.
2006-11-02 04:25:20 · answer #5 · answered by dally d 1 · 1⤊ 3⤋
Try this http://www.icommissions.com/route.php?pid=37&a=33709&c=eCreditCards&s=103440
2006-11-02 04:12:12 · answer #6 · answered by BN41 1 · 0⤊ 1⤋