Has anyone used a credit counseling service? How did it work?
No Tags
This entry was posted
on Friday, October 3rd, 2008 at 12:10 am and is filed under Credit Service That Help Me Pay Off Cash Advance Loans.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
You don’t need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself!
Call all of them and work out a payment plan and try to get your interest lowered or stopped.
Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.
You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don’t eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.
Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.
Go to the library and get “The Total Money Makeover”. Read it and follow it carefully.
Go check out Dave’s website as well. Yahoo is blocking his site again, so take out the spaces in the following: Dave ramsey. com
Cut up all of your credit cards, sell off all the crap you don’t need.
Pay off the cards, and stop living beyond your means.
Start by looking around a good credit counseling company, and not become a victim of one of the various credit counseling scams that are prevalent today. Do not be misled by any ad that assures you quick fixes for your credit report. This is an impossible promise. Instead search for a honest company accredited to Consumer Credit Counseling Services.
Then fix a meeting with a professional credit counselor, and apprise them about your debt situation. Do not omit anything as they will require the entire information to draw up re-payment plan according to your situation.
Then wait and let your professional credit counselor work on your behalf. They will get in touch with your creditors to tell them that you are attempting to chalk out a plan that help you clear the debts. They will coordinate with them and prepare a re-payment schedule that will let you pay comfortably. Lots of times, they can decrease your interest rates to help you make lower payments.
NO! Credit counseling is a joke. Debt Settlement…email me for advice..I work for a great debt settlement company. We work with your creditors and reduce your debts.