I have a question about consolidating my debts. I have a friend who used Debt Counseling Corp to do this and has been doing really well. (the website is www.DebtCounselingCorp.org) They send her great info and really seem to be doing a great job. I wanted to see if anyone has any experience with them.
Please don't respoond with telling me about other company's. I would like to hear of other experiences with them specifically.
Thanks!
2007-10-07 02:47:16 · 3 answers · asked by Mary 2 in Business & Finance ➔ Credit
Thank you for your input--but it is not a settlement company like you mentioned--those are soooo bad for your credit. This company works directly with the creditors. My friend gets her statements every month and sees the lowered interest and that the payments are being applied. One of you mention that you did settle--I am not sure if you are aware, but those company's that settle--they dont tell you that come tax time, you will get a tax form to claim that money as income --the money that they "saved" you. I would NEVER go with them.
2007-10-07 12:10:06 · update #1
OMG--i did use this company! They were great! My counselor was so informative and I felt very comfortable going with them. I have actually graduated from my plan already but would recommend them to anyone. My credit is so much better now. I still got my monthly statements from my creditors and they really did lower the interest and the payments. I know that there are those settlement company's that are out there but this is not one of them. I paid all of my debts in full by the time it was over
You should go with them. I just checked out the website you listed-very nice --they have updated it. There is a lot of great info there and that talking lady is great!
2007-10-08 01:33:22 · answer #1 · answered by Blondie 3 · 0⤊ 0⤋
These companies dont do anything that you cant do yourself. Save the fees they charge.
What they do is not pay your creditors for months and then try and settle for less. Something you can do yourself.
If you go with some company to settle you debt and they dont pay. You, and you alone are still responsible for paying. Your creditors will sue you and not the company you hired
2007-10-07 18:42:26 · answer #2 · answered by heybulldog 5 · 0⤊ 1⤋
Have heard of it, but if your friends are using it and it is working for them, I would try it. '
Good luck!
2007-10-07 15:26:44 · answer #3 · answered by Ms. Angel.. 7 · 0⤊ 0⤋