What problems are involved with using these “Credit Card Debt Reduction Services”?
Friday, May 19th, 2006Les 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 [...]
Collection agency offered 20% reduction on my outstanding balance?
Tuesday, May 16th, 2006David 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
Share and Enjoy:
Does anyone have experience with a debt reduction program?
Sunday, May 7th, 2006jennyh 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 [...]
Have you ever used a debt reduction company, and how much did it hurt your credit score?
Thursday, May 4th, 2006jsjproject asked: How long before your credit score became good again?Linh Costa
Share and Enjoy: