Credit And Debt Counseling Service

We have 3 credit cards, all maxed to and over the limit. I am consulting a credit counseling service but my husband doesn't want it to ruin our credit. I personally think it will get us out of debt A LOT quicker and we're not filing bankruptcy. It may give us a blemish on our credit. But I think it's worth it.

Be careful with so-called credit repair businesses. Many are a rip-off and charge you to virtually nothing. You can do better contacting the credit card company yourself and work out payment terms.

2006-05-23 19:49:17 by animalover

Talk. ... FICO "free score" "consumer power" "credit crunch" myFICO "credit education" scoring &quot ...

I have a large debt to the irs, a garnishment on my wages and at least another 10,000 in other debt. I was just laid off of my second full time job, although I am looking for another............ what services or other options do I have to fix these issues. Between the garnishment, and the irs debt I cant make it on just one job.
without any of the obvious or sarcastic remarks (stop spending, get another job,) are there any real answers that can point me in the right direction of where to start or get a handle on things.

Howdy, I've detailed this question on my website: http://www.coddleshell.com and I've pasted the answer below. I hope this will help you!

First, wage garnishment isn't pretty. According to the government, garnishment is usually ordered by a court and cannot exceed 25% of a person's disposable income (net income). My advice on this would be to talk with the IRS and see if a more agreeable settlement option can be made.

At least in the state of Ohio, where I live, they offer a program to settle debt if you face certain conditions. These conditions are economic hardship or doubt of collectability. It's always worth a shot to try to explain things from your point of view.

As for finding someone to help you with your issues, you should contact the NFCC - The National Foundation for Credit Counseling. They can put you in touch with local companies that provide credit counseling services. They would be more experienced with such issues that you have and could offer you better and more personalized advice than I can.

2007-06-25 01:05:05 by dawntta m

Price: $1.99

I'll use www.careonecredit.com Debt Consolidation and Credit Counseling Service? What do you think about this service? Have you ever use this service? Or Do you know better online Debt Consolidation and Credit Counseling Service? Thanks A lot

They are one of the more reputable companies out there that can help you with your debts. They charge low fees and can help you learn about why you got into debt and how to educate yourself and get out of debt. They offer several programs from debt consolidation to debt settlement.

Good luck to you.

2009-09-27 09:30:17 by TurkishAmerican

Price: $1.99

My mom is paying $1,000 a month in credit card bills. She is a retired school teacher and cannot afford this. Please do not judge, she us paying these bills off for my brother who ran up credit cards. Thank you

Be really careful using these companies. They ruin your credit the same way a bankruptcy does.

2009-07-12 09:45:50 by thatgirl90

Ok I am 8k in debt and CCC said they will do all the legwork and just charge me $10 a month to pay the debts. How do creditors look at this and is it a good idea?

good question and unfortunately u r not going to like the answer,

DON'T DO IT UNLESS YOU ARE ON THE VERGE OF BANKRUPTCY

Most lenders look at ccc as a bk, and you cannot buy or refi a house from most lenders as long as you are in ccc. on a refi you must buy out. as a purchase you must close out the ccc and take over the debts at normal payment rates, the lenders look at this like mom and dad handling your finances and you must be in ccc for 24 months to show payments made on time BEFORE THEY WILL OFFER YOU MORTGAGE FINANCING.

Additionally I have seen more than one ccc mess up the credit worse than it was before. ie. lets say sears wants 60 a month in payments and ccc sends 40 sears will continue to report you as late each month and over 30 for each previous month. So two things if you do ccc get it in writing what ccc is paying and from the lender get it in writing that they are accepting the amount in figures that ccc is sending each month.
BE CAREFUL AND CHECK YOU CREDIT REPORT EVERY 90 DAYS TO BE SURE IT IS GOING ACCORDING TO THE PLAN LAID OUT.

If you blow ccc off after signing up with them and don't make the payments kiss your credit boodby and bankruptcy is the next step.

2007-12-10 09:48:39 by netman110