Comments on: How to Tell if a Credit Counseling Service is Legit http://www.askmrcreditcard.com/creditcardblog/how-to-tell-if-a-credit-counseling-service-is-legit/ Latest Credit Card News, Reviews and Information Tue, 03 Nov 2009 17:03:46 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Credit Resurrection http://www.askmrcreditcard.com/creditcardblog/how-to-tell-if-a-credit-counseling-service-is-legit/comment-page-1/#comment-114770 Credit Resurrection Thu, 06 Aug 2009 13:50:06 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=551#comment-114770 That is what good true information means.Thanks jenna,real good post hopeful many people will read it and know after that what they have to look for when they are choosing this kind of services so they will have satisfactions after That is what good true information means.Thanks jenna,real good post hopeful many people will read it and know after that what they have to look for when they are choosing this kind of services so they will have satisfactions after

]]> By: Sheila http://www.askmrcreditcard.com/creditcardblog/how-to-tell-if-a-credit-counseling-service-is-legit/comment-page-1/#comment-94413 Sheila Wed, 07 Jan 2009 18:40:52 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=551#comment-94413 I highly agree that you call on your own behalf! If they give you a hard time ask for there manager immedialty! It either resolves the sitiation real fast and they start working with you or you get the higher up. Call daily if you are having a hard time getting any where.;) I have done that.yes it stinks we would rather be doing something else! Make it easy if you have multiple cards do one a day...well worth your effort! I will tell you once you make a good deal,always pay it on time! I highly agree that you call on your own behalf! If they give you a hard time ask for there manager immedialty! It either resolves the sitiation real fast and they start working with you or you get the higher up. Call daily if you are having a hard time getting any where.;) I have done that.yes it stinks we would rather be doing something else! Make it easy if you have multiple cards do one a day…well worth your effort! I will tell you once you make a good deal,always pay it on time!

]]> By: Polly Poorhouse http://www.askmrcreditcard.com/creditcardblog/how-to-tell-if-a-credit-counseling-service-is-legit/comment-page-1/#comment-85872 Polly Poorhouse Tue, 14 Oct 2008 04:46:27 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=551#comment-85872 This post represents great advice. So many organizations are poised to part debtors from what little money they still have. I would add that even among the legitimate credit counselors, it may be more beneficial to work with your creditors directly. I found that one of the big agencies could only offer to lower rates on two credit card companies. Rates from two more issuers would actually have gone UP under their plan. I did better on my own. Maybe you can too. To take a stab at answering Sharon's question, I think that when you agree to work with a credit counselor you must close all your credit accounts, and that can negatively affect your credit score, especially if it is marked as closed by lender. Even if it isn't, closing multiple accounts can change your debt to available credit ratio, which, again, can hurt your score. As I understand it. I even had a lender offer NOT to report they had closed the account if I would agree to pay an additional fee. Doesn't that sound like hush money? This post represents great advice. So many organizations are poised to part debtors from what little money they still have.

I would add that even among the legitimate credit counselors, it may be more beneficial to work with your creditors directly. I found that one of the big agencies could only offer to lower rates on two credit card companies. Rates from two more issuers would actually have gone UP under their plan.

I did better on my own. Maybe you can too.

To take a stab at answering Sharon’s question, I think that when you agree to work with a credit counselor you must close all your credit accounts, and that can negatively affect your credit score, especially if it is marked as closed by lender. Even if it isn’t, closing multiple accounts can change your debt to available credit ratio, which, again, can hurt your score. As I understand it.

I even had a lender offer NOT to report they had closed the account if I would agree to pay an additional fee. Doesn’t that sound like hush money?

]]> By: Sharon http://www.askmrcreditcard.com/creditcardblog/how-to-tell-if-a-credit-counseling-service-is-legit/comment-page-1/#comment-81807 Sharon Sun, 07 Sep 2008 00:32:34 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=551#comment-81807 I am considering credit couseling services. Someone told me if I decided to go through with the program, it could impact my credit - making it worse than bankruptcy. Is this true? I'm having a hard time believing it is, but I'd like to get another opinion. Thanks I am considering credit couseling services. Someone told me if I decided to go through with the program, it could impact my credit – making it worse than bankruptcy. Is this true? I’m having a hard time believing it is, but I’d like to get another opinion. Thanks

]]> By: Carnival of Financial Planning #8 - Cute Kitten Edition | Financial Learn http://www.askmrcreditcard.com/creditcardblog/how-to-tell-if-a-credit-counseling-service-is-legit/comment-page-1/#comment-76782 Carnival of Financial Planning #8 - Cute Kitten Edition | Financial Learn Sun, 20 Jul 2008 04:53:02 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=551#comment-76782 [...] Credit Card presents How to Tell if a Credit Counseling Service is Legit? posted at Ask Mr Credit [...] [...] Credit Card presents How to Tell if a Credit Counseling Service is Legit? posted at Ask Mr Credit [...]

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