sporteguy03 asked:
I have posted similiar question about this but now that I went to CCCS for advice this is what they said. I’m overextended, duh? I thought that was a no brainer! I have 29000 in debt and the counselour stated it would cost me 772 a month to pay off my debt which would be at 10% for 5 years. I brought in a debt consilidation plan for a loan for $25000 with no collateral needed at 8.9% for 5 years and the counselour shunned at it and said I had no chance at that loan? She did not know how I was living within my means…I told her I had overtime and take surveys on the internet and use Bank of Americas Keep the Change program. She did not comment on those things but said I could use food source and drive 1 hour to a Church to get food for $50 a month to save on food, but no milk, OJ, bread is provided? I have a WalMart across the street and I save gas that way. It just seemed she thought I was a deliquent consumer by I have a good credit history and pay bills on time where else can I go?
I have posted similiar question about this but now that I went to CCCS for advice this is what they said. I’m overextended, duh? I thought that was a no brainer! I have 29000 in debt and the counselour stated it would cost me 772 a month to pay off my debt which would be at 10% for 5 years. I brought in a debt consilidation plan for a loan for $25000 with no collateral needed at 8.9% for 5 years and the counselour shunned at it and said I had no chance at that loan? She did not know how I was living within my means…I told her I had overtime and take surveys on the internet and use Bank of Americas Keep the Change program. She did not comment on those things but said I could use food source and drive 1 hour to a Church to get food for $50 a month to save on food, but no milk, OJ, bread is provided? I have a WalMart across the street and I save gas that way. It just seemed she thought I was a deliquent consumer by I have a good credit history and pay bills on time where else can I go?
There are many companies that offer debt consolidation, not just CCCS. The problem is, you need to research their background and make sure they are companies that legitimately pay your creditors and negotiate with them. Check the phone book in your area for local agencies and then check with your local Better Business Bureau-it is best to deal with someone at least in your own state.
No. You should do this on your own. Credit counseling is, for most people, a very bad experience. I’ve heard many horror stories from my clients and not one of them would do it again. Also, it’s a fact that it looks worse to be in credit counseling than to have filed for BK.
Sit down with your bills and come up with a plan. Scale back all unnecessary expenses, get a 2nd job, get a roommate, only eat things you cook at home and figure out how to make it work. People have been in worse spots than you and have come out ok. You can do this.
Good luck!