Question by manderin: Has anyone ever used a debt management or credit consolidation program?
If so, what are the companies names, numbers and/or web addresses? I have been considering doing one of these programs for some time now, but I want to be sure I don’t pick a company that will be more harm than good. What kinds of questions should I ask a representative, once I find a company? Are there any fees involved? And how much is too much? I need serious advice here because these companies will have my personal information and debt record, so I want it to be with someone who will actually help me, not just make a quick buck. I have been researching some companies, but I am still not certain which is the best. How do you know? Thank you in advance for your help.
Best answer:
Answer by Anna H
Credit counseling services are not good, they charge alto of money when you can do exactly the same on your own. All you do is call your credit companies and let them know about your financial situation and asked them to freeze the interest on the credit card or lower it while you make payments. They is so much you can do on your own that going to a debt mgmt company is a waste. Try bankrate.com it has allot of great links and information on how to get rid of debt.
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