credit counciling

Discussion in 'Credit Talk' started by flightrail, Aug 28, 2003.

  1. flightrail

    flightrail New Member

    Is there any credit counciling available that is ok?
    I am paying all my bills on time, but I am only able to pay the min. My debt is not going anywhere. Is there any options out there. Thanks for info
  2. jlynn

    jlynn Well-Known Member

    There is usually a big debate about credit counseling, but I will share my experience:

    Consumer Credit Counseling Service. They are funded by United Way.

    I had a decent experience with them. I paid $10 a month for the service, and was required to mail a cashier's check. Never once were my payments late to the creditors.
  3. flightrail

    flightrail New Member

    Did it hurt your credit, and did they lower your rates?

    Thanks for the info
  4. jlynn

    jlynn Well-Known Member

    It will probably trash your reports while you are in the program. I never pulled my reports, as my credit worthiness wasn't an issue, it was more important to get my debts paid.

    The only lingering effect I had was 24+ 90 day lates being reported by one OC. This was not the fault of CCCS, but rather a nasty policy of this OC. I was finally able to dispute those away.

    The damage to reports is going to vary by whom you owe. Each creditor will have their own individual policy.

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