Not exact matches
You can avail of
credit counseling so that you know what to do in these cases, since these
credit repair
services can help in a
few different ways.
I used Consumer
Credit Counseling Service a
few years back and wouldn't recommend to anyone.
true,
credit counseling services can do a little harm on your
credit report and you won't be able to get new
credit and all of your accounts will be closed HOWEVER, if you are on of the millions of people who last year had their interest rates jacked up to 29 - 30 % for no reason what so ever, then a
credit counseling program will get your interest rates to a MUCH lower more manageable rate and you WILL see your balances drop over the course of a
few months whereas you don't see your balances drop with the 29 % rate before
credit counseling.
The reputation of a
credit counseling service can be easily confirmed by a
few calls in the community, and the performance record of these
services nationally is quite good.
There are a
few options to consolidate your debt: a bank loan, a home equity loan, or a
credit counseling service.
Today, these
services are consolidated in a
few large, national,
credit counselling agencies.
Word of mouth remains the biggest source of new business, experts say, but you can also promote your
services to individuals attending
credit counseling classes (now required prior to filing bankruptcy), to people who receive state notices of loan defaults, and to home owners named on lists of ARMs that will be resetting in the next
few months.