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Posted: Tue Feb 20, 2007 8:07 am Subject: creditsolutions.com Good or Bad ??

Newbie here...
Hello,
I want to know if creditsolutions.com (CS) can reduce my 49k debt to be paid off for 26k in 36 months as claimed with little affect on my credit. Or some personal stories would be appreciated. I've already negotiated a rate of 7.9 for the unsecured loan and they're still claiming to cut the debt in half. Please weigh in...

Smile

habba

Posted: Tue Feb 20, 2007 12:16 pm Subject:

I have no idea about this company but the deal really looks good. Make sure that you first do the research work on them with your local AG's office and check out the consumer feedbacks. Anything bad about their business will first be reported there.

Also, read the terms and conditions very carefully before signing the contract. You should have everything clear before signing the agreement copy.

Is this a consolidation plan or a debt settlement plan?

Posted: Tue Feb 20, 2007 6:23 pm Subject:

Hi,

Creditsolutions is an okay company, but has some serious reputational problems. I would definitely not go with them until you talk to at least someone else. Try forgetadebt.com or advantage to see if they can help.

flash_ck · Posted: Mon Mar 05, 2007 10:48 am Subject:

This reply might be a little late, but I would NOT use creditsolutions.com. My ex-wife just left the company as one of the credit reps. The company is going through major turmoil and will more than likely be filing for bankruptcy in the very near future. They have screwed numerous people and are involved in several lawsuits by customers that have paid their payments, but creditsolutions did not pay off their debt as promised. The company can't even cover payroll right now and is bilking sales people on thousands of dollars worth of income as well.

Eilzabeth · Posted: Fri Jun 15, 2007 5:13 pm Subject: Credit Solutions

NO, NO, NO, Credit Solutions is not a good answer. Please read ripoffreport before you make a decision.

Credit Solutions will make you promises they cannot and will not deliver on. Their main purpose is to make money for themselves. After six months in their program, I am in Chapter 13. They tell you they will stop harassing calls from creditors. I had to get an unlisted number. They say they will settle your debts for about 40% of the amount owed. IF they get you a settlement offer it will be for much more than that, and it will have to be paid within three months. If you owe a company $9,000, they may get you an offer for $6,000 to be paid in three installments. If you had the money to do that, you would not need them. You can settle your own debts with your creditors for better terms. You will never speak to the same person twice, and will not have calls returned. Chances are, you will be sued and served with papers from your creditors. I have had judgements with garnishments rapidly approaching. Credit Solutions forced me into bankruptcy!

Posted: Fri Jan 04, 2008 7:32 pm Subject:

Is there any new information on this company?

Guest · Posted: Sat Jan 05, 2008 11:40 am Subject:

Nearly 900 complaints in 3 years, falsly claiming to be in good standing with the BBB, aswell as still shameless business practices (guranteeing 40% settlements on better on Citibank/Discover accounts which are Category 4's and 5's (55-60% settlement).

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