Link to a forum : "Consumer Credit Counseling Service??"

Opening date of this forum : 05-19-2010

2 replies so far

Opening post of this forum : "After my BK discharged, I got behind in my mortgage payments.

I just caught it up this month and pulled the house out of foreclosure, payments are now current.

Today I get a call from Consumer Credit Counseling Service, asking to do a interview. They say they work for Freddie Mac and work as a mediation between homeowner and bank to modify mortgages, and such.

Has anyone heard of them, or had success with them?

I can't do the HAMP because my housing expenses are just under the 31% guidelines, so I am hoping these people can help with a modification. They say that they make recommendations to the bank on ways to keep the homeowner in the house, and paying.

Thoughts?"

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Link to a forum : "Consumer Credit Counseling Service and DMP"

Opening date of this forum : Nov 13 2008
( 4 posts )

Opening post of this forum :

"How is somebody with debt and expenses over their monthly income suppose to save any money. Or even budgeting for that matter. If you only paying your necessary expenses and your Credit Cards and Car loans, and have nothing or less then nothing left over, what do you do? We have 2 cars because there is no reliable or safe public transportation that can take us to work and to and from the babysitter everyday. We have internet because of work ans school. Not for entertainment.
"Karla with a K" has written some really good things on this thread. And would love her advice.
I am paying ruffly 700 dollars a month to my unsecured debt. And 500 dollars a month to secured debt. I have an appointment with CCCS on Tuesday to hopefully enter their DMP program. DO you Karla or any other person familiar with CCCS, know if they recomend me to bring all my "debt" or just the unsecured one? I am not late on my secured debt ( carloans )and the interest is low ( around 5 % ) but the payments are very steep. I could really benefit from a reduction of 300 - 400 dollars a month in debt payments. Is that even possible with CCCS?
Thanks in advance.

And to all of you who is struggling everyday to get by to suport yourself and your family. There are many of us out there and you can always come here for support. I even would suggest citydata to give financial hardship its own forum."

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Link to a forum : "Consumer Credit Counseling etc."

Last post: Feb 23 2010
(more than 26 replies)

Opening post of this forum :
"Hi ,

I'm not saying I'm going to do this, but it never hurts to consider options. Does anyone know anything about debt consolidation, consumer credit counseling, bankruptcy, and similar such programs?

DR says they are a bad idea b/c they will destroy your credit. But, I'm starting to wonder if it might be the only realistic option for us. Ironically, one reason we were able to take on so much debt is because of our good credit. Somehow we always manage to make the minimum payments and make them on time. However, if we were to move I doubt if we could get another mortgage or even qualify for a rental property because our debt to income ratio is terrible with a capital T. And I know of others who have declared bankruptcy or done some type of debt consolidation and they survived and were better off in the long run.

If the farm sells the situation will change considerably but who knows when that will happen.

Given the poor economy I don't see our income going up significantly any time in the near future. At the rate we're going we will literally have this consumer debt for the rest of our lives.

Does anyone have any ideas? "

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Link to a forum : "Advice on Debt Negotiation Service"

Last post: 10-30-2008

Opening post from this forum :
"I have recently signed up with a company called Debt Negotiation Services. I am set to make monthly payments for 48 months. Recently I've had a creditor call me and say that one of the accounts have "charged-off". I'm starting to have second thoughts about the service . I have read on CreditInfocenter.com that (most) of these companies are not worth using/trusting. Has anyone used this company or a similar one with any success?

Thanks for any help. "

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Link to a forum : Dealing with Consumer Credit Counselling Service

12-08-2006, (3 posts)
First comment from this forum :

"I have an interview coming up with CCCS and need some general advice before I go ahead please.

My situatuation is I have retrained to another career (Aviation) and I am
applying like crazy to companies for positions but no success yet.

Meanwhile I am struggling to keep my head above water paying off all the debt I have built up and am trying to avoid any defaults CCJ's etc, so in summary below is what I owe and how things have gone thus far.

Currently owe

Egg CCard 5000
Egg Money 5000
N Rock 3000
Cahoot 9000
YB Visa 4000
GM Card 4000
Halifax Loan 3500
Capital Bank13500

Total 47000

When I get sorted with a good job I wish to move house because our family is expanding so we need more room, below then are a list of questions relating to what consequences will occur due to dealing with CCCS other than
some peace of ming (Hopefully)

1. Credit rating already knackered will it get worse by dealing with CCCS
2. Don't have any defaults, CCJ's or anything but it's only a matter of time
as more going out than coming in.
3. If I get a plan going with CCCS will it affect me wanting to move house
say in the next 1 to 2 years with regard to getting a mortgage.
4. What options might CCCS offer me.

As an aside Northern Rock are trying to stiff me for an extra £30 admin charge
due to an unpaid DD below is a timeline of events, what can I reasonably ask them to do, and have they broken any rules by trying to collect and then subsequently re-charge me for something I have already paid.

20 July DD for £238 returned unpaid by my Bank
21 July Got letter informing me of unpaid DD which would be collected
10 days after letter.
23 July paid the £238 by Debit card to try and avoid late payment charge
25 July got a letter saying charged £30 for unpaid DD
31 July then they tried to take another payment by DD and returned
unpaid
09 Aug got another letter saying DD returned unpaid £30 admin

I wasn't in arrears so no reason to take 2 DD's so computer/operator has
dropped a clanger, what can I get back, have they flauted any law or guideline and if so between getting my £30 back and asking for the loan to be settled what might be reasonable.

I thank all for any help and advice that is given.

Regards Geoff."

see this forum at : http://forums.moneysavingexpert.com/showthread.html?t=243374#post2675932

Link to a forum : Considering going to Consumer Credit Counselling...

Thu Aug 03, 2006(8 posts)
First comment from this forum :

"I would like to know how it will affect my credit? Does anyone have any experiences good or bad with CCC? I also found Clear Debt Solutions online and was curious about them."

see this forum at : http://creditcardperks.webgroups.biz/phpBB2/viewtopic.php?t=9965#54113

Link to a forum : Bankruptcy? debt consolidation service? Consumer Credit Counceling Serv?

2006
First comment from this forum :

"I'm trying to not file for bankruptcy. Overdraft protection is the only thing keeping me from making late or no payments at all on my bills and that's nearly maxed out. I'm in huge cc debt, apppr 35k, and bankruptcy seems like the easiest way out and to feel like a person again. I want to try and fight my way out of this mess if I can. I would like to see if a service can help me but know there's a lot of scams out there. Is CCCS a debt consolidation service like Debtco or are they two different things? How do I go about finding a fair and reputable service? What types of questions should I ask? I'm near Portland, OR. Anyone have a suggestion of where to find a good service or lawyer (if bnkrp is in the future)?

Also, is a charge off really that much better or different than filing for bankruptcy? What's the difference when it comes to your credit report and how it is viewed by potential lenders?"

see this forum at : http://answers.yahoo.com/question/?qid=1006021704914

Link to a forum : Does Credit Counseling WorK?

First comment from this forum :

07-17-2007 (4 posts)
"I'm going to go behind on my bills but Visa and mastercard don't seem to care. I've thought about going bankrupt but is credit counseling something to consider even if I can't afford my bills? "

see this forum at : http://myvesta.org/debt_forum/does-credit-counseling-work-t34.html

Link to a forum : Consumer Credit Counseling, Has anyone tried?

First comment from this forum :

Oct 28 2004 (10 posts)
" I am considering a Consumer Credit Counseling service.

Anyone out there tried one or recommend one or wish to comment on their experiences?

If it's too personal, I understand. PM's are welcome."

see this forum at : http://www.paulding.com/forum/index.php?showtopic=13510

Link to a forum : Is it a good idea to use consumer credit counseling, to stop foreclosure?

First comment from this forum :

"is consumer credit counseling going to help us out of foreclosure or make our situation worse?"

see this forum at : http://malaysia.answers.yahoo.com/question/index?qid=20060711105026AA1UFhV

Link to a forum : Advice on consumer credit counseling?

First comment from this forum :

"My debt payments are straining my income to the breaking point. I do not want to declare bankruptcy, I am not able to secure any loans, and do not have house equity to cover my debts.

The good news is I have a steady job and brighter prospects for the future.

I have been advised to work with CCCS -- Consumer Credit Counseling Services -- to set up a payment plan for my debts. I have also been told of an outfit called Curadebt (www.curadebt.com) that claims to not only consolidate your bills, but negotiate some down.

Do any of you have additional advice or comments on these approaches? Thank you very much."

see this forum at : http://forums.kiplinger.com/showthread.php?t=3707

Link to a forum : Consumer Credit Counseling

First comment from this forum :

"I was wondering if anyone has ever used the Consumer Credit Counseling service before. If so, besides helping you get your debt paid off, was it a good experience?"

see this forum at : http://forums.dmmoms.com/viewtopic.php?t=1588

Link to a forum : Anyone done Credit Counseling?

First comment from this forum :

I did a search on this and couldnt find anything relevent, so Im sorry if this has been done before!

Im supposed to talk to someone from the credit counseling company tomorrow, but I want to see if anyone has done this, and know if its really a good idea or not. From what I understand its a company that negotiates better rates on your credit cards, but its not a consolidation. They would cancel or lock the existing cards and wed be unable to open any new ones until its paid off. It seems like it would be paid off much faster (for about hte same amount we are currently doling out) than if we just paid as usual. Theres a monthy fee, but I think it gets put towards your total debt.
Is it worth it?

here is the link to this forum : http://www.mothering.com/discussions/showthread.php?t=494864