Has anyone ever used a consumer credit counselling or debt help company to consolidate or settle debt? If so, what company did you use? How did it affect your credit? How did it affect your financial state? What was your experience like (positive or negative)? Would you recommend that company?
2007-09-14 05:08:41 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Please go to daveramsey.com. He offers a plan to get out of debt without bankruptcy or credit counseling companies. It takes work but it does work.
It is my understanding that the use of counseling companies adversely affects your credit because it is basically bankruptcy without the court action.
Your credit shouldn't be a big issue. Most of the time (this may not include you) people get into serious debt and need help because they can't control their spending. If you are in this class (like me) you'd be better off without credit.
2007-09-14 05:58:31 · answer #1 · answered by starfishltd 5 · 1⤊ 0⤋
There are a lot of companies that will promise to fix your credit. Most will just take their fees up front and trash your credit.
Check this site: http://www.nfcc.org/ . They are Consumer Credit Counseling Services (CCCS), a legit non-profit company that offers free credit counseling. They also have debt management programs available, if you qualify, with no fees.
Debt management programs will affect your credit just like bankruptcy. But if you can't work you way out of debt yourself, this is the way to go.
2007-09-14 05:56:01 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Hi,
I used "Credit Solution" to settle my debt. They managed to reduce my debt up to 58%.It's legitimate.I came accross this company on NBC News Special Edition.Check it out here:
http://memurl.com/kitalo
2007-09-14 09:06:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋