Archive for May, 2006
May 19th, 2006 | 
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Les R asked:
I see a lot of advertisement from companies that claim they can reduce your credit card debt by 40% to 60%. What is the down side to using them? If they are successfull does it effect your credit rating? What do they charge? What must your situation be for them to be able to be successfull, Broke?
Troy Therrien
I see a lot of advertisement from companies that claim they can reduce your credit card debt by 40% to 60%. What is the down side to using them? If they are successfull does it effect your credit rating? What do they charge? What must your situation be for them to be able to be successfull, Broke?
Troy Therrien
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David R asked:
I have a PO Box address, and I’ve moved a few times recently (not to evade them, but for other reasons…). Are they offering 20% reduction in my debt. Should I take it? Pros/Cons?
Madeleine Bowsher
I have a PO Box address, and I’ve moved a few times recently (not to evade them, but for other reasons…). Are they offering 20% reduction in my debt. Should I take it? Pros/Cons?
Madeleine Bowsher
jennyh asked:
I am considering this, and the company is recomended by BBB as being legitimate, they get the unsecured credit card companies to reduce your balances, by paying them a fee, and set up a smaller payment plan that is paid off in 3-5 years, instead of 10-25 years. The actual benefit is they are able to get them to eliminate a lot of the debt, instead of just renegotiating terms, APRS. etc. They work for you, not the c/c companies, who now are able to raise APRS and minimum payments at their discretion. They work for you to obtain a workable settlement for each c/c company. I do realize that it would impact my credit rating , but not as bad as a bankrupcty would , which I don’t want to do anyway.If anyone has any feedback, let me know.
Craig Apodace
I am considering this, and the company is recomended by BBB as being legitimate, they get the unsecured credit card companies to reduce your balances, by paying them a fee, and set up a smaller payment plan that is paid off in 3-5 years, instead of 10-25 years. The actual benefit is they are able to get them to eliminate a lot of the debt, instead of just renegotiating terms, APRS. etc. They work for you, not the c/c companies, who now are able to raise APRS and minimum payments at their discretion. They work for you to obtain a workable settlement for each c/c company. I do realize that it would impact my credit rating , but not as bad as a bankrupcty would , which I don’t want to do anyway.If anyone has any feedback, let me know.
Craig Apodace
jsjproject asked:
How long before your credit score became good again?
Linh Costa
How long before your credit score became good again?
Linh Costa