Names of any reputable companies would be appreciated.
2007-09-10 15:21:07 · 8 answers · asked by bb1974 1 in Business & Finance ➔ Credit
Go to this site: http://www.nfcc.org/ and find someone in your area. These are legit non-profit companies. They provide free credit counseling and have debt management programs available, if you qualify, for no fees.
Most of the companies you see advertising debt repair/counseling/consolidation will take fees up front and just trash your credit.
2007-09-10 15:42:22 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
The best answer so far is The Dogs of War. Clint has some good points too. I work at a Bank now, and previously a Mortgage Company. Any way you cut it, it looks bad on you that you had to go a debt Management company. Your credit score will reflect it. Nowadays, it takes a score of 700 to get a good rate on loans. And I do not think you could place ANYWHERE near 700 if going thru debt mgmt. Lose the cards, pay the smallest ones off first. Use that extra money (from paid off cards) to apply more to the next card, and keep going. I know it won't be easy, but you will have the satisfaction of working it out on your own and your credit will not suffer as much. Good luck!
2016-05-21 14:37:45 · answer #2 · answered by ? 2 · 0⤊ 0⤋
DO NOT pay a dime for credit counseling. They will rip you off, and will give nothing in return. You can do it all yourself.
Call your creditors and work out a deal... some of websites referred by the first answerer are ok, but the thing to remember is DO NOT pay for any debt counseling service. That is money that should be spent on your debt, not on some service that you can do yourself....better.
2007-09-10 16:09:59 · answer #3 · answered by Mike 6 · 0⤊ 0⤋
. Consult a legal advisor before opting for this crucial step. You can take other alternative steps. E.g. contacting the billers and informing them that you have to opt for financial aid. Many require you to fill out lengthy forms and they are meant to provide you free money to help you repay the bills. Then make minimum payment arrangements for the leftover balances, even if it means paying simply $10 per month for 30 years. Healthcare bills differ from the credit card debt, since they are not reported to the credit bureau.
2007-09-11 02:07:58 · answer #4 · answered by Pitty T 2 · 0⤊ 0⤋
First thing you should do is call your credit card companies and ask for a lower rate. You'd be surprised how often they will lower the rate just for asking. It might help relieve some of the pressure.
2007-09-10 15:52:57 · answer #5 · answered by Chad H 3 · 0⤊ 0⤋
IF you use government sanctioned debt solution companys
2007-09-10 16:27:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
what a good question
2016-08-24 15:24:55 · answer #7 · answered by ? 4 · 0⤊ 0⤋
go to daveramsey.com
2007-09-10 16:54:49 · answer #8 · answered by gmfeds 2 · 0⤊ 0⤋