advice , feedback, help
Date: Fri, 07/17/2009 - 22:47
Spoke to the rep, he suggested i check out debt mgnt co such as: Take Charge America, Nova Debt, Green Path, and CCCS.
I haven't called the companies yet, but have been researching here to see if others have used companies above.
What you all do? Try the companies above? Settlement?
How likely are cc companies likely to settle w/ those who make pretty decent money like I do? Does that even really matter... I don't know...
It really depends on a number of factors to determine which stra
It really depends on a number of factors to determine which strategy is the best. Debt Settlement and credit counseling are basically two opposite approaches. Credit counseling is less stressful, and is a good path if you can afford the payments for the next 5 or so years, have good credit and just need some interest rate help.
Debt settlement is more of a rip the band aid off approach. If you are having a severe cash flow problem and CCCS will not help, it is the next thing to look at. You will pay back a lot less over a shorter period, but your credit will take a hit and you will be getting phone calls from the creditors.
It is just a matter of researching both options, taking into account other financial issues, not just the CC's. Then once you determine the best strategy, then you need to research specific programs that offer that strategy or take the do it yourself option
So first you just need a specific understanding of the financial concept behind CCCS and Debt Settlement. That will point you in the right direction.
