I signed up with Ameridebt to pay my credit card quicker and when I signed up they told me that my credit will be improved. But now I see my credit score dropped and the account entry is coming as negative because I registered with their service. What can I do to take the negativity off my record in this situation. Can any expert help me please . Thanks a billion
I'm going to assume that the credit card now says "Participating in Credit Counseling". If that is the case, the only way to get it off, is to get out of the service. Some here will say that credit counseling is worse than BK, and that might be the case. I participated in it (not with Ameridebt) and it worked swell for me. I paid everything ($13k) off in 2 years. I had all my cards re-aged to get the late pays off. And as I paid each account off, I would write them and say, "You are reporting that I am participating in CCCS which cannot be the case since this account is closed and the balance is zero". Worked every single time. I had 13 accounts in CCCS at one time. I would not have suggested going into CCCS with ONE card just to pay it off sooner. As you can tell, the results are not favorable. If you can pay the card yourself, I would get out of Ameridebt (I've also heard they are notorious for paying the bill late, thus continuing to rack up late fees on your account that ultimately you will have to pay off). If you have more than one card and are totally swamped....can't get another job, etc, then I'd use Christian Credit Counselors. They have a website but I don't have the address. They NEVER missed a payment, was never late, and when it came to distributing the money, took my requests to heart. Good luck
MANY have reported that with a BK they have got "REAL" credit cards and a low rate mortgage 2 years POST BK... MANY have reported that 2 years post CCCS they can't even get a 100% secured card or a mortgage under 10%... I PERSONALLY WOULDN'T DO EITHER...but if I had to pick one...it sure wouldn't be CCCS.
