Watch one woman?s story of how a debt collector friended her on Facebook under a fake name. Howard Dvorkin, founder of Consolidated Credit Counseling Services ( www.consolidatedcredit.org ) steps in to offer advice to consumers who are facing similar social media nightmares and how to protect yourself against debt collectors.
Question by myworldwillneverbewhatiexpected: Credit Counseling?
Is credit counseling a good idea if I can?t get my credit cards paid down? Will it put a flag on my credit report? I plan on going through Consumer Credit Counseling Centers of America sponsored by the United Way. Anyone have any feed back?
Best answer:
Answer by Fatty
might as well file bankruptcy. its shows up about the same. and at least with a ch. 7 bankruptcy your credit score is repaired faster.
truth is? all credit counseling is, is someone who calls your credit cards and negotiates lower rates and payments for you. you can do it yourself and not cause any of the grief of having credit counseling on your credit.
call your cards, ask them for a payment plan and a lower rate as long as you stick to the plan? badger them enough and they will do it. remember, no one works for free? credit counseling makes money from somewhere, that somewhere is you. why pay more if you dont have to?
by the way? im not wrong. ?non-profit? doesnt mean they arent making money. They have to pay their employees somehow. i stare at credit reports and make loans all day. they impact you the same, except ch 7 wipes your debt clean.
What do you think? Answer below!
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