Debt And Credit Counseling
5 Ways To Boost Your Credit Score 100 Points! [K] [i] [n]
Ann Born (Kindle Edition) 2008-10-15
Release date: 2008-10-15
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My husband just lost his job and we have three kids, I am afraid things are going to get worse before they get better. We were just starting to get out of debt. Is the companies that can help us now?
The YWCA offers free credit counseling.
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Like the debt counselors that work with your creditors to reduce your monthly payments. Does that look bad on your credit? Has anyone ever done this?
No they are not loans. They work directly with your creditors to lower your monthly payments. They don't loan you money.
Hi, It will not look bad on your credit report as long as you are paying the consolidated payment on time. Debt consolidation is a way to ensure that your credit score comes to proper level as well as ensure that you manage your finances better. A few articles that might help are given below.
Debt Consolidation - Get Out Of Debt
http://www.askaquery.com/Answers/qn1643. html
How to Hire a Debt Counselor?
http://www.askaquery.com/Answers/qn1584. html
What is Debt Relief?
http://www.askaquery.com/Answers/qn1583. html
Debt Management and Building Wealth
http://www.askaquery.com/Answers/qn1581< br />
Building Wealth by Reducing Debt
http://www.askaquery.com/Answers/qn1578. html
How to Manage Your Credit Card Debt?
http://www.askaquery.com/Answers/qn1579. html
I see alot of the credit counseling and debt consolidation ads on tv and the internet, but to me it seems these ads only target people who are past due, in collections and have creditors calling them. None of that is the case for me. I have never been late paying bills, nor do I have any bad marks on my credit. All I have basically is too much debt, and I'm trying to hurry and get rid of it! Can anyone offer any info?
Call the American Consumer Counseling Center - unlike a lot of those "debt solution" places, this is a non-profit and isn't after your money. They can give you some great counseling and advise you on the best options for your particular situation.
American Consumer Counseling Center
http://www.consumercredit.com/ or 1-800-769-3571
I am 27 and 3 mos. behind on a total of 24k in unsecured debt. My credit score has already been negatively impacted and am left with two options: credit counseling at $600 a month for 6 years or debt settlement at $400 a month for 3 years. All the research I've done seems to give debt settlement a bad reputation because it makes your credit rating bad, but I don't see how much worse mine can get anyway. Which option should I choose?
debt settlement!!!
I know these types of debt consolidation plans aren't very good for your credit but my credit is completely shot and I have a fair amount of debt.Just how bad does it look on my credit?What about after the debts are all paid off?Are they trustworthy and legitimate?Do they do as they promise?What was your experience with them?Are there plans reasonable so quality of life doesn't drop too badly?
How can I find out thier contact number in my area to meet them in person?I would prefer to work with them that way.
My credit report is full of charge offs and late payments,2 judgements and a bankruptcy from 2001.I've been a financial disaster for many years but have finally "grown up" and am ready to truly tackle and repair this mess.Many of my "bad" marks will be off in the next 2-3 years.I have a current car loan but no mortgage or active credit cards.I have several bounced checks in chex systems as well.I'm hoping to have a good enough rating to obtain a mortgage at a halfway decent interest rate within in the 3-4 years.
Any company that you pay to help you with your credit problems is only making your problem worse. There are free credit counseling services that really do help but they negatively affect your credit. Since it is ruined anyway, it shouldn't matter.
If you want to handle it yourself you need to stop charging things on your cards, contact the companies involved and tell them if they lower your interest rate you will work with them to pay the cards off. Let them know if they continue with the high rates that you will feel no obligation to throw good money after bad.
You really didn't give us enough information to help you. I don't know if there is a mortgage involved but if there is pay your mortgage and utilities before you pay anything else. Would have more information if I had more detail.
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...News
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The problem with this is that so many people are unable to afford the monthly payments in a credit counseling program, and must seek debt settlement. and more »KPTM-TV - Feb 23, 2010
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Philadelphia Saves, an initiative of Consumer Credit Counseling Service of Delaware Valley, encourages individuals and families to "start small and think and more »Motley Fool - Feb 23, 2010
First, how you handle debt and your credit is the top factor in whether you're moving forward or backward. Once you've gotten rid of bad debt, and more »FOXBusiness - Feb 20, 2010
The GuardianThe new law also requires issuers to direct customers who are in financial trouble to legitimate nonprofit credit counseling. New credit card rules start Feb. 22How new credit card rules can affect youWhy you should take a new look at your credit card statements - -all 762 news articles »
LoanSafe - Feb 20, 2010
BigNews.biz (press release)If you cannot find a way to manage your monthly expenses wisely and are in need of help to do so, you may want to consider contacting a credit counseling Apply For Credit Card Debt Consolidation Loans - Eliminate Credit Card Debt all 79 news articles »