it strikes me as odd that people think these companies actually help them…you as a consumer can do anything that debt management companies can do on your own.. As a collector, I understand that bad things happen to good people and they cannot get out from under debt..what a lot of people don’t realize is that turning to a debt management company can hurt you even more…by stop making payments on your accounts and let them handle the account is not the way to go…if you are only 30 days behind and they tell you to stop paying because they want to wait until you’ve saved up enough to settle, this is damaging to your credit because the acct has probably charged off by the time you settle….yeah you may pay less but, you can negotiate with creditors yourself and most of the time prevent the charge off..and not pay a fee…remember, no such thing as not for profit..always someone trying to make a buck!!!
Just curious….everyday you hear about banks and big companies going bankrupt, and people losing jobs…so I was wondering if as a “whole” the U.S seen a drop in average credit scores since the economy has been rough. national credit score crisis
A year ago this past October, my husband and I received a large settlement and set out to pay off a great many accounts (credit cards, doctor bills, auto loans, etc.) that had been delinquent and/or in collections. One of the items was paid at an agreed upon settlement amount, but we opted to pay [...]
I just read incredible article in local Florida newspaper of a police roundup of dozens of real estate, mortgage, appraisars, accountants, attorneys, etc. in two different cases. And many more of these arrests for different companies and individuals is expected. So I wonder, been the market the way it is now, with wall street being [...]
I’m in a pickle. And need some advice. The bankruptcy attorney told me bankruptcy is a better option than foreclosure in every way, as far as credit, and saving my ass, even though my credit is tanked already. My questions are this: 1. Is bankruptcy “better” than foreclosure as far as credit goes, although both [...]
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