Consumer Credit Counseling
May 25, 2008 · Print This Article
Many people think that the only solution to getting behind on their bills is bankruptcy because that is the only option they have ever heard anything about. They realize that there is a stigma associated with filing bankruptcy, but do not think that they have another choice.
These folks have never heard of consumer credit counseling, which was created with people like them in mind. They want to help you figure out how you can keep from filing bankruptcy, get rid of the amount you owe, and have good credit once again. And, their services are either free, or available at a very low cost.
Consumer credit counseling is not a loan company. They are advice givers, and will also contact all of your creditors for you to see what they can do about getting penalties and late charges knocked off of your balances in order to make the amount you owe less. They will also help you work out a budget so that you will have the amount needed to pay off what you owe. They will take an in-depth look at your finances, ask you to figure out what your expenses are per month, and come up with solutions for you to consider.
There are two kinds of consumer credit counseling agencies. One kind is non-profit, and the other for-profit. They both work the same way, no matter which kind you choose to use. If you caught your credit before it got too out of hand, it is possible that you can use these services and have your credit looking better in a short time. On the other hand, if you have a large amount of debt, it’s going to take you at least a year to get everything you owe paid off. If you think about it though, a year is a short time to spend getting your credit straightened out when you consider that a bankruptcy would hang over your head for seven years.
Be very careful which consumer credit counseling service you choose. Sadly, there are companies who are in the credit counseling business to try to scam people. Remember, if something sounds too good to be true, it probably is! They will prey on people who will do anything to restore their credit, and sometimes promise miracles for a large fee. Do your homework before you settle on a service, for your own protection.
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Debt collectors can be so aggressive… Thank you for this information and a new mindset on how to handle them.
I appreciate this approach to money matters. It is mind, emotion and spirit combined. I never thought of it that way.
Article by at 2010-08-06 00:02:32
Categorized in Credit Counseling,
well, you could try goin to google and type it in or stop back on using your dept card. put it up in a save place and when you go out use cash if you don't have cash then that means you don't need to buy it
Credit Cards & Personal Loans : About Consumer Credit Counseling Agencies
Credit Counseling & Debt Management 1
Credit counseling is a term used along with debt negotiation or debt settlement but should not be mixed with them. In credit counseling, you use the services of a professional credit counselor to repay your debt in reduced, monthly payments that you can easily afford.
Eligible candidates for credit counseling are people who get harassing phone calls from bill collectors, or whose accounts have been handed over to collection agencies. This article details the best way to work with a credit counselor.
FACTS Consumers Should Know BEFORE Considering Debt Consolidation or Credit Counseling
Article by at 2010-08-13 23:48:29
Categorized in Credit Counseling,
first comment
Article by at 2010-08-15 14:18:08
Categorized in Credit Counseling,
I have worked for both companies in the past, and yes, we dealt with Credit Counsilling,
I imagine you are in the States, but its the same up here in Canada. If we were a secured creditor (meaning secured to a car, or Household Goods for example) we had special circumstances, where we would not necessarily agree to the suggested payment that the counsiliing service would recommend, we would demand higher monthly amount or we had rights to your security. If you and the agency agreed to the higher remittance, we would agree to the program.
Here is a heads up, if you were to ever miss a payment to the agency, the creditor could deem you in default of the arrangement, which makes it void, and the original agreement of the loan terms would resume.
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Article by at 2010-08-18 04:17:46
Categorized in Credit Counseling,
Article by at 2010-08-21 00:31:58
Categorized in Credit Counseling,
first comment
yes there are many online sources who provide debt consolidation loan even with bad credit or no credit and also with minimum rate of interest try to contact them and get your problem resolved, for your reference my one of friend has consolidate his loan from there and with bad credit and also wit a minimum rate of interest, try this source may this could help you.
Debt Consolidation Help – How Consumer Credit Counseling May Help You Today
Credit And Debt Counseling In Texas – Tips To Find Legitimate Debt Help
I had 20K in debt about 15 years ago, and this place did a great job of talking to my various creditors to 0%, and only 1 of them wouldn’t go to 0%. I was saving more than 400 a month with my consolidated payment to C.C.C.S., and used that extra $ to save and pay off the creditor who didn’t want to go to 0%. After I paid them, my CCCS payment went down even more, and today, after finishing the program, my credit score is A+
great video thanks!
credit counseling is really bad for your credit rating. it reports on your credit report and kills your credit score. check out this website. this company is good at helping you re establish your credit.
http://www.weteachcredit.com
Great!!!Very interesting and informative video…
http://www.NFCC.org – NFCC Credit Counseling Service Review: http://www.NFCC.org is the National Foundation for Credit Counselin…
ECR can a credit counseling ageny remove inquiries from your credit …: i have a lot of inquiries from when i was t…
Unfortunately no….CashCall (as you probably already know) is a vicious firm to deal with. They do not participate in any debt management programs.
Note: As long as CashCall still has your bank account numbers, they will attempt to debit your account even if there is not sufficient money in there…leading to even worse problems in the form of bounced check and bank fees. If they still have direct access to your bank account, you might want to think about canceling your checking account to prevent this from happening.
Consumer Credit Counseling FAQ: What You Need to Know:
With all the financial turmoil that has been caused by th… http://bit.ly/a5BoZe