Ccs

Calm down, and stop being paranoiac!

stay focus then act!


Herman

 

Credit Counseling companies send a "proposal" to your creditor asking for special terms on your account. Accepting the proposal in no way negates the agreement between the credit card company and you as an individual, and is really nothing more than a handshake agreement between the credit counseling company and the creditor. It does not prevent negative credit reporting, nor does it prevent normal charge off procedures from occurring.

 

If this is true then what good is it to join a ccc? While I can understand that an agreement between ccc and the creditor would not prevent negative reporting but under what right would they have to not honor the agreement to accept payments under the ccc plan once the creditor agreed to do so?

lbrown I would send a letter to CCS company confirming that they said they would take care of this. Then I would make sure to confirm that they did in fact take care of it before the 30 days to repsond to the creditor was up to protect my rights under FDCPA. If CCS company had not taken care of the matter, I would do as Lizardking suggested and make sure I sent the creditor a validation letter before the 30 days to repsond was up.
Just my thoughts on this.
Tuit

 

Well, it's a matter of perspective. With me, they certainly did manage to keep 3 of my accounts from being charged-off. They also managed to get the interest rate on those two accounts lowered from 20+% to 8%, and the third account lowered to zero, and got all three marked current without a massive past due payment. All three of these accounts had huge balances, interest every month greater than what I could pay, and imminent charge-off status.

Basically, had I not gone to CCCS, the accounts would certainly have been charged off. Sometimes they can help--I understand it depends very largely on who the creditor is. Dillards, for instance, is evil if you're very past due and even CCCS can't help.

However, CCCS did end up screwing me royaly last year when they got their payment dates screwed up and managed to pay these 3 accounts late for 3 months in a row before I pulled my quarterly report and found out. They can be very useful, just watch them like a hawk.

 

If the ccc did not make the payments as agreed then of course the creditor should be free to proceed to the next step. All I am saying is that if the debtor is trying to do the right thing and pay his bills thru a ccc and the creditor agrees to this why should he get kicked in the teeth because some "evil" creditor feels like having his cake and eat it too? They will get away with what ever they can, however, if they agreed to work with the ccc and had been paid even one payment then they should be held to the agreement and should not be allowed to charge-off the debt. Doesn't charge-off mean they have given up any hope of collecting the debt? If they are receiving payments then they are collecting on the debt. I don't remember if lbrown indicated the ccc had failed to make the arranged payments. If they did then that would explain why they went ahead and charged it off.
Tuit

 

Just before the thirty days to respond is up and I could not determine that the matter was taken care of by the ccc I would send the validation letter.
Tuit