 Posted: Thu Oct 11, 2007 11:17 am Subject: DMP - CCCS Need Advise |
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I have been with Consumer credit counseling Service since February of this year. I owe less than $10K, but I don't make much money, so it is a lot for me.
I did some stuid stuf with payday loans. They are now all paid off - not paying any interest,etc. However, my credit card debts are not going down very fast. In fact, I just today discovered that one of them is still charging 23% interest rate.
I thought the DM company could negotiate a lower rate and they did get 3 of them down to 15%. But, I will be paying on this forever.
Also, 2 of the companies have turned my account over to collection companies anyway, and I am getting very annoying calls several times a day, mostly BCR.
I am ready to drop out of this program.
The cell phone company wants to settle my debt for about $150 less than what I owe. My counselor says this would be a bad thing to do. Why? Can someone enlighten me? My credit is in the toilet anyway.
I feel very stuck. Any suggestions or advise?
I appreciate this site very much, and lurk around reading all the time, but I don't post very often.
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bobsterbob62
Joined: 22 Dec 2006
Posts: 37
Debtcc Points: 1367
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