Comments | poor_skills: Legit Debt Management Programs

cfchica in poor_skills

Legit Debt Management Programs

Jun 20, 2007 11:17

I'm in dire straits financially and am curious about debt managment programs, whereby the agency negotiates with creditors and handles the payments to them. I'm looking for a good, legititmate program whose payments won't leave me broke every month. Consumer Credit Counseling(CCC) receives funding from the credit card companies, so I'd rather not ( Read more... )

debt

Comments 4

surprisesex June 20 2007, 19:29:51 UTC

CCCS is by far the best. They receive funding because they benefit both sides - you get your debt paid off, and the credit card companies are more likely to get some money back. They also NEED the funding because they're not screwing you over like most debt reduction companies will do. Ruling them out for that reason is absolutely ridiculous.

slvr June 20 2007, 19:42:59 UTC

When we did our DMP, we tried CCCS and they said they wouldn't help us because we were too bad off (I was planning on getting a second job but couldn't for the time being but we could survive until then).

We ended up going with Genus www.genus.org. Loved them dearly!

cfchica June 20 2007, 20:19:57 UTC

many thanks =) will check them out! Thought I would go the CCCS route initially, but based upon my conversation with one of their "compassionate and caring" counselors, I think not. Very rude, very condescending, and she failed to realize that people wind up over their heads through no fault of their own(In my case, illness and job loss).
So yeah, thank you for the link =)

slvr June 20 2007, 20:32:04 UTC

CCCS worked wonderfully for my in-laws, but the office we went to told us to estimate high on our budget then told us that we didn't make enough money to get out of debt.

I think it all depends on the counselor you get. And unfortunately, that's probably the same thing you'll run into no matter where you go.