Comments on: Are credit card companies more willing to work with a Debt Management Plan company or the consumer? http://www.forrentorsaleinbelgrade.com/debt-management-counseling/are-credit-card-companies-more-willing-to-work-with-a-debt-management-plan-company-or-the-consumer Sun, 05 Feb 2012 19:39:30 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: vincent s http://www.forrentorsaleinbelgrade.com/debt-management-counseling/are-credit-card-companies-more-willing-to-work-with-a-debt-management-plan-company-or-the-consumer/comment-page-1#comment-838 vincent s Wed, 27 Jan 2010 08:48:59 +0000 http://www.forrentorsaleinbelgrade.com/debt-management-counseling/are-credit-card-companies-more-willing-to-work-with-a-debt-management-plan-company-or-the-consumer#comment-838 no dont do credit counseling. The problem with credit counseling is that it’ll take you 5 to 7 years to complete since it can only reduce a minor portion of your interest rates. According to Consumer Reports, the credit counseling dropout rate is 79%! Unfortunately, many of these people end up doing bankruptcy. The dropout rate is so high because credit counseling gives people monthly payments as the same minimums they were struggling with and since it only reduces interest, it barely reduces your debt. Another problem with credit counseling os that it appears negatively on your credit report telling other creditors you were unfit to mage your debt and had to hire a credit counselor. i personally used debt settlement they lower your monthly payments and cut your debt by about 60%. they work on lowering your principal balance. best choise so far.. here is the company i used. www.debtfreeleague.com<br><b>References : </b><br>www.debtfreeleague.com no dont do credit counseling. The problem with credit counseling is that it’ll take you 5 to 7 years to complete since it can only reduce a minor portion of your interest rates. According to Consumer Reports, the credit counseling dropout rate is 79%! Unfortunately, many of these people end up doing bankruptcy. The dropout rate is so high because credit counseling gives people monthly payments as the same minimums they were struggling with and since it only reduces interest, it barely reduces your debt. Another problem with credit counseling os that it appears negatively on your credit report telling other creditors you were unfit to mage your debt and had to hire a credit counselor.

i personally used debt settlement they lower your monthly payments and cut your debt by about 60%. they work on lowering your principal balance. best choise so far.. here is the company i used.

http://www.debtfreeleague.com
References :
http://www.debtfreeleague.com

]]> By: Frank http://www.forrentorsaleinbelgrade.com/debt-management-counseling/are-credit-card-companies-more-willing-to-work-with-a-debt-management-plan-company-or-the-consumer/comment-page-1#comment-837 Frank Wed, 27 Jan 2010 08:36:59 +0000 http://www.forrentorsaleinbelgrade.com/debt-management-counseling/are-credit-card-companies-more-willing-to-work-with-a-debt-management-plan-company-or-the-consumer#comment-837 Debt management and Credit counseling are 2 completely different things. So make sure you know which they are offering. Debt managment involves up front fees, and usually will not help. Credit counseling like Consumer Credit Counseling Service are good. The reason why the Credit card companies will not work with you is that you are dealing with a customer service department. The reason why Credit counseling works is that they usually (CCCS Does) have a set contract with each of the credit card companies.<br><b>References : </b><br> Debt management and Credit counseling are 2 completely different things. So make sure you know which they are offering.

Debt managment involves up front fees, and usually will not help.

Credit counseling like Consumer Credit Counseling Service are good.

The reason why the Credit card companies will not work with you is that you are dealing with a customer service department.

The reason why Credit counseling works is that they usually (CCCS Does) have a set contract with each of the credit card companies.
References :

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