Anybody using or used C C R Now

too many companies with the initials C C R. Could you please be more specific.

CCR Now was on their docs.....I did a BBB search and they also are listed as:
Preferred Financial Solutions Inc, their web site is ccrnow.com

Preferred Financial Solutions Inc is not a member of TASC or USOBA. However they don`t have a bad reputation with the BBB. How much are their fees and over how many months do they charge them?

Total Debt: 135,432
Total enrollment fee: 9,480 which is 7%
Descriptionof fees:
Enrollment fee one time fee
49.95 monthly maintenance fee
25% Settlement fee (this is the one that bothers me) Each time Dakich & Assc. (law firm) settles one of your debts a "settlement fee" is due which is equal to 25% of the amount saved at the time of each settlement. Is this fee a normal fee??
And how much of a fee could that be?

Thanks for any help and youe responce.

Fees seem kinda high. Most settlement companies usually charge 15% and spread those fees out over at least 24 months or more so you build funds to settle debt quickly. You might want to shop around and compare settlement companies instead of just going with the first one. I always suggest that when shopping with a settlement company make sure they have a good reputation with the BBB and be members of either TASC or USOBA.I am not endorsing any company but just pointing you in the right direction when shopping around.Here are a few companies that have proven good track records.
New Beginnings debt settlement LLC , Superior debt relief , Century Negotiations .
These are just a few of the many good companies out there . I suggest you shop around and compare and make your own decision. I hope this helps. :D

Thanks mobile....time to go shopping!!!
The fees are spread out they are just showing what they'll be

No problem , please keep in touch and let me know how it goes. :D

Will do..The more I read about these companies the more leary I'm getting

OK I have an update

I called Superior debt relief and WOW what a difference, not only in monthly payments and terms but overall knowledge of the whole process...I went from 2370.00 for 48 months to 1893.00 for 36 months. Sounds too good to be true so I'm holding my breath. They are sending me terms so I'll let you know.
Anybody have anything I should question?

Thanks again for all your help

If you can afford it I suggest the 36 month program. When you do a program more than 36 months your risks are higher of a judgment. Might as well go ahead and shop with the other two settlement companies I had mentioned and compare them all.

I think Mobile usually says that Superior has a pretty good record, right Mobile?

Yes they do. Actually all three companies I mentioned have excellent reputations. I just always say shop around and compare.

I am posting this message for the person that is in debt. I noticed that you have a large amount of debt like I once had. Two years ago my wife and I managed to rack up over $182,000 in credit card bills. My wife was a wreck and it was affecting not only our relationship but the forward progress of our financial future. After doing research like you are doing we came to a few conclusions that you may not have thought of.

I noticed above that both of the companies that you recieved quotes from were eager to earn your business by reducing their fee for you. A 7% fee with the law firm and superior at 10% or so. Any company financial services or not that lowers there servicing costs more than 30% of the industry average is an immediate sign that it may be to good to be true.

Almost every company I talked to wanted to reduce my fee and earn my business that way. Personally I don't like the feeling that I am being charged less to earn my business.
I did however talk to one company that did not offer to reduce fees and remained firm about the fee for the program at 15%. You can do the math this decision cost me over $8,000 but I feel that I kept the piece of mind that "I am getting what I am paying for". After 19 months of being with a debt settlement company I am thouroughly satisfied with my decision. Most of my accounts have settled for around 29% of the balance hence saving me more than the extra in fees. I was unaware that this would be the case when starting the program however my wife and I are thrilled at the results and the savings. Our negotiator assigned to our case told us that we are on pace to finish 6 months earlier than our 36 month plan.

I feel that my decision to work with this company gave me better results than what was anticipated. I applaud the work that has been done for my family.

Gary P.

Gary P. thats great news about your success story and I am glad to hear you got such good settlements. However I respectfully disagree with your opinion about companies willing to lower their fees. The 7 % fee is only the enrollment fee that not including the 25% settlement fee on what they settle for and thus ends up being much higher that the industry average of 15% . As far as Superior debt relief reducing fees down to 10 % range. I wouldn't question them for doing that. That is just good business tactics. They are still going to make 13.5k off of fees which is fair. A lot of settlement companies will come down on a price to earn your business if you are shopping around . With that large amount of debt even cutting there fees they still make a fair profit. Would you question a car dealership lowering the price on the same car just to keep you from going to another dealership ? Of course not. They are just being smart to either get a piece of the pie than to risk getting none at all.

The Thomas Hanks post is a scam. Ignore it.

IS CREDIT CARD RELIEF (PERFERRED FINANCIAL SOLUTIONS INC.) A HONEST COMPANY OR SCAM

Preferred Financial Solutions, Inc.
Preferred Companies, Inc.
5656 W 74th St
Indianapolis, IN 46278

They are not members of the BBB or TASC or USOBA.

"They are not members of the BBB or TASC or USOBA."

Translation: They didn't pay the outrageous fees that are the only qualifications a business needs to become a member of the BBB or TASC or USOBA . . .

Quote:

anyone heard of these guys? are they any god?

what is tasc and usoba

no they aren't and alot of people were led to scammers by these places.how it works is these so-called finders match you with a debt relief company supposedly based on many factors.the only factor is money and how much a company will pay to have these so-called christian debt consolidators lead people to there company.it is a scam.the infamous RICHARD BRENNAN got most of the people he scammed thru this type of finder service.it was under credicure then morphed into his own scam.if a debt relief company has to rely on base faiths then the chances of them being a scam are likely.

I would agree with mobile comment above as to best practices with member participants of the mentioned trade organization but only to a limited extent. My agreement is only a recent development.
Historically USOBA and TASC have had little to no impact on the industry or the best practices of its member partipants.
From their outset they were nothing more than a seal on a website to lend confidence to the consumer, nothing more. Oh, and throw in a little uniform pricing to boot...
First there was USOBA whos leadership had something of a falling out. Then came TASC. No matter the historionics of the organizations creation they each fell well short of their stated purpose until recently and, I would ad, only when their feet were put to the fire by regulators.
From their inception there were only a handful of states with debt adjuster laws that these groups advised their membership to stay out of. That list quickly more than tripled. They did not audit there memberships enrollment throughout the 50 states. The last couple years has seen many state actions against the industry including a large proportion of TASC members. No auditing whatsoever.
As these new laws have been enacted over the last few years you can see there was literally no **** for your membership buck when it came to lobbying on behalf of membership as a whole. Indeed, it maybe (pure speculation here) that some states represent such a small population that efforts were seen as a waste of resources.
The best practices and disclosures for membership were never really compliance audited either. That push has only been a rec ent development (talking months here) and only, in my opinion, as a result of further pressure from an increasingly burdensome regulatory environment. Now the FTC is is fully involved and will either be recommending pre-emptive federal law, backbone minimum legislation (sort of like fdcpa but states can have more stringent 1 law), or good old regulation through rule making.
The increase in shouts for regulation in the heretofore wild wild west known as the settlement industry has been a call to action for these industry groups out of necessity. This may lead to some actual value to being a member of these groups that has been otherwise missing. The recent action by TASC and 2 member participants in PA where they are suing the state for enactment of recent law that will take effect on Feb 6th this year is one of only a handful of examples anyone can point to that has real effort behind it. If there are other efforts, they are not obvious.
The industry as a whole screams for regulation and it is coming. It may be that regulation is way to over burdensome which would be a shame. It may be proven that these 2 trade associations have done entirely too little too late.
Recent developments within these trade groups, if continued, may eventually lead to actual value to membership. I for one will wait and see.
At this point, from my view, they are just a little more than an emblem on a website. But hey, thats better than abject failure which is the esteem I held them in just 6 months ago. :D


[color=Red]****Adult term removed - Jason[/color]

ccr now asked for power of attorney after they collected fees. not only have they done nothing to help me they have destroyed my financial future by making the uncertainty unbearable

They are rip-off artists.

They promise the world,
take your money,
take your monthly fees....

Here's how they do it:
They look at who you owe, then negotiate a great savings with ONE account. Then for the next year or more, they string you along, promising similar savings. They don't settle, they jump you around, you end up in court repeatedly, and they end up with your money in fees.

In the end, you saved nothing. In fact, you paid more in fees, have your credit destroyed worse than ever, and have wasted a year.

They SUCK!!!!!

They are rip-off artists.

They promise the world,
take your money,
take your monthly fees....

Here's how they do it:
They look at who you owe, then negotiate a great savings with ONE account. Then for the next year or more, they string you along, promising similar savings. They don't settle, they jump you around, you end up in court repeatedly, and they end up with your money in fees.

In the end, you saved nothing. In fact, you paid more in fees, have your credit destroyed worse than ever, and have wasted a year.

They SUCK!!!!!

They are rip-off artists.

They promise the world,
take your money,
take your monthly fees....

Here's how they do it:
They look at who you owe, then negotiate a great savings with ONE account. Then for the next year or more, they string you along, promising similar savings. They don't settle, they jump you around, you end up in court repeatedly, and they end up with your money in fees.

In the end, you saved nothing. In fact, you paid more in fees, have your credit destroyed worse than ever, and have wasted a year.

They SUCK!!!!!


Guest Posted: Mon Jul 27, 2009 2:41 pm Post subject: CCR Now is a scam

--------------------------------------------------------------------------------

They are rip-off artists.

They promise the world,
take your money,
take your monthly fees....

Here's how they do it:
They look at who you owe, then negotiate a great savings with ONE account. Then for the next year or more, they string you along, promising similar savings. They don't settle, they jump you around, you end up in court repeatedly, and they end up with your money in fees.

In the end, you saved nothing. In fact, you paid more in fees, have your credit destroyed worse than ever, and have wasted a year.

They SUCK!!!!!

CCR is NOT a good company...YES they have lawyers, but when you figure out the total fees with the current 25% settlement fee to the attorneys, is come close to 20% total fee paid out to them....they are coming out with a new model that will charge a upfront $395 and a 35% settlement fee.....they are no different than any other firm in this debt settlement business.....and the Management there esp Maxine their NSD(she sucked as a enrollment specialist but had a thing with one of the partners is the rumor) is THE WORST . It is a boiler room type operation, and they treat their employees like dirt and another number....they say base pay , but then don't pay you on your first 6 deals, which to me sounds like a draw....if your in CHICAGO DO NOT WORK FOR OR CCR you will end up

Quote:

Quote:

What is the going rate fee when dealing with a debit relief program? I have a 15,000.00 in credit cards. I was told by ccnow I will be in their program 44 to 48 months. at 250.00 a month. Is that too long?

How about the companies below.
Debt Settlement USA
New Beginning
Superior Debt Services

CCR Now is in trash, based on the reviews above.

Would you mind telling the name of company you used. I too, am in a similar situation