Which company is best Incharge Debt Solution or consumer Credit Counseling?

Answer 1

There is nothing they are going to do that you can't do yourself. Look up your specific issues on-line, learn, and apply the lessons to your issues. When you get involved with these groups, there are hidden fees and costs, such as interest charged for longer length loans. Read this:

Here's another example, this one involving debt settlement. Let's say you have racked up $20,000 in unsecured credit card debts. You owe $10,000 to one credit card company, $7,000 to another one, and $3,000 to a third one. You agree to contract for a five year debt settlement plan where you pay $250 a month to the settlement company.

Sounds good, right? After all, $250 a month for five years is only $15,000, so you're saving $5,000 and you'll be debt-free in just five years, right?

Let's examine this arrangement a bit closer. The admin fee will cost you $750 up front. Your first three monthly payments go towards that admin fee and nothing gets put into your trust account until your fourth monthly payment has been paid. The settlement company takes the first $50 of your $250 payment every month as the service fee. That means that only $200 a month is actually being added to your trust account.

Most debt settlement companies will claim to be able to settle your debt for about 1/2 of what you actually owe, so let's use the middle credit card debt as an example:

If you owe $7,000 on the account and the creditor agrees to accept $3,500 as payment in full, it will take you 8 months at $200 per month to have accrued enough cash in your trust account to pay off just that one credit card bill. But remember, your first three payments to the debt settlement company only paid the $750 admin fee. That means your first credit card isn't really settled until 11 months after you started sending them money! So what is the problem? It's really very simple - Your creditor won't agree to accept half of your actual debt amount in settlement unless, or until, that amount can be paid in full. Otherwise, they'll expect you to make your normal monthly payments.

Answer 2

oan Solution Center offers Mortgage Loan Refinance, Debt Consolidation, Bad Credit Refinance, Cash Out Refinance an etc.

You may visit them at http://www.loansolutioncenter.com

It's the best comapny ever you will find b'cause

The 5 Top Reasons Why You Should Refinance With Us

1) Loan Solution Center.com is a leading consumer direct online mortgage lender licensed in 34 states dedicated to matching homeowners like you with the best possible loan.

2) Loan Solution Center.com gives you a No Risk or Obligation guarantee, Closing Cost guarantee, and a Customer Service Guarantee

3) Get your money fast. In most cases we can close your loan in days not months

4) 24-hour preliminary approval. When it comes to mortgage refinance, no one want’s to wait. With Loan Solution Center.com we can let you know if you qualify in as little as 24 hours.

5) Loan Solution Center.com can not only help you improve your financial situation, but will also assist you in repairing your credit.

You may visit them at http://www.loansolutioncenter.com

Answer 3

At one time I meet with CCC agency and it was tempting to deal with them because they promised to lower the interest rates and they would payment terms with the creditors if I gave them the payment to distribute. In the agreements much as 30% of your consolidated payment can go to CCC. So I figured I might as well save the 30% and do it myself. I have paid off everything owed money on except the house. Paid off $32,000 in credit dept, $27,000 truck, $9000 car, $7000 atv, and a $3900 lawnmower and the $205,000 house will be gone in five more years. You can do it, you just need the right motivation. Once I decided to start paying the bills off it was contagious. They dropped like flys on a 32 degree morning. The hardest thing was setting the budget and then actually starting. Pay extra on one dept every month and pay the min. on all of the others. Take every extra dime you can make and pay on the one dept. When that dept is paid off roll the entire amount onto the next dept and go until everything is paid off. Good Luck.

Answer 4

Careful - alot of these credit help companies are scum. For a good discussion of credit problems visit daveramsey.com