Consumer Credit Counseling Good Idea
Is credit counseling a good idea if I can’t get my credit cards paid down? Will it put a flag on my credit report? I plan on going through Consumer Credit Counseling Centers of America sponsored by the United Way. Anyone have any feed back?
CCCS is a great program with the right company. Just do your home work find a CCCS program that sends monthly statements and has on line access and you will do just fine.
As for the red flag, o please I have clients whom were in our program and done that bought homes, cars and all kinds of stuff at better interest rates then some of the people I know that don’t have a CCCS marking on their credit report.
The whole CCCS is the same as Bankruptcy lie came from Settlement companies trying to put the wrong client in their program. Its just something they say to gain your trust and discredit the CCCS program. Often Settlement companies will tell you that CCCS is a creditor funded program……… Yep it is but who cares if our interest rate goes from 29.99 % to 7.5 % do you care who funds that program?
This I say to all the settlement companies who say that little lie and fool people every day who should not be in their program…………Clients lets use our God given common sense. If you go settlement and you don’t pay your creditors back and you have tons of collections on your credit report do you think that is going to look very good? Settlement is ONLY for clients trying to avoid Bankruptcy. It is GREAT for the client about to go BK.
In CCCS your paying your creditors monthly, they made an agreement with you,Everything stays on time and paid back …………………….. I don’t know but if you knew a client would pay something back wouldn’t you lend them money? Think about it.
Kourtnie
debthardship.com
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