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Credit counciling firms?

raxall · 2006-04-24 20:58:02

anyone dealt with credit counciling firms before? the article http://www.moneysavingfreetips.com/consumer-credit-counciling.html says to be wary of ccc firms coz: "Thus as a consumer, you have to beware! Avoid "debt settlement" firms who promise to completely get rid of your debt within months and who ask for a $3000…

24-04-2006 8:58pm

#1

raxall

Closed Accounts Posts: 19 ✭

Join Date: August 2005

Posts: 15

anyone dealt with credit counciling firms before?

the article http://www.moneysavingfreetips.com/consumer-credit-counciling.html says to be wary of ccc firms coz:

"Thus as a consumer, you have to beware! Avoid "debt settlement" firms who promise to completely get rid of your debt within months and who ask for a $3000 upfront fee. These usually turn out to be scams who upon receiving the money will run off from the country, disconnect their phones or set up a new firm under a new name."

did you have to pay any upfront fees? did they really help in lowering your interest payments?

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