Debt Counseling Services

They seem okay with me. I know they worked with my family when I was growing up around the late 80's / early 90's. It makes a lot of sense from an economic efficiency standpoint to have third-party professionals bargain with all of your creditors for a reasonable payment plan.

quote:

---

The only consolation is that my debt burden is not for luxury items.

---

This shouldn't be a consolation.

eta: but getting out of debt is a GOOD thing. Kudos for you for starting. Its hard to do but you have a lot more freedom without debt

You should have bought gold and diamond jewelry. You can hide that shite.

quote:

---

ruins your credit. goes on credit and is treated as a chapter 13

---

I dont know about chapter 13 but I have heard its looked at by lenders as a red flag. I think if this is indeed true it needs to be advertised more..

quote:

---

Thanks. I may give one a call;

---

I highly advise against it. You can do the same thing they do, and save yourself the high fees that charge on top of the interest you are already paying. Plus, the vast majority of these are scams, and you pay them money that never makes it to the credit card companies. By the time your realize it, you've wasted hundreds if not thousands of dollars, and your credit cards all charge off to debt collection agencies anyway. If you do decide to do it, RESEARCH the hell out of the company before paying them a dime, and be sure they are registered with the BBB.

I use to work for a finance company.....If we saw it on the creidt report the place I worked at wouldn't loan any money....