CCCS, Chapter 13, Help me people!
Not late on payments, most cards at 20+%, able to make minimum but 50 years (estimated) till I would pay it off. This is no solution.
So CCCS says they can do me $1035/mo for 4.5 years and I am done. Is this the way to go? How about Chapter 13?
I am wondering if when I speak to CCCS and tell them what my expenses are (i.e. rent, clothes, gas, food, fun, etc.) if that impacts how much the creditors will reduce my apr (or what I owe them)? I say this because I pay $1350 in rent, but I told them $850 because my girlfriend kicks me some cash to help out. If I have more expenses will I possibly get a better APR or pay less, or will they simply increase the time it takes for me to to pay it back (i.e. instead of 4.5yr, it may be 5.5 years)?
Should I speak to multiple agencies that do CCCS and would they maybe be able to work a better gig? I spoke with Money Management International.
I haven't found any real good websites that give me the low down on the best possible way to approach CCCS.
THANK YOU for any help. Seriously!
Hi amg You can avail the free consultation offered by the sit
Hi amg
You can avail the free consultation offered by the site....Iam sure it would help you in getting a clearer picture of the whole situation.
Take care
Nelly
Look at all options! Debt Settlement is Also a Good Option
Before you make a decision, you are doing the right thing. Investigate! In addition to CCCS and Bankruptcy, there is also debt settlement. Unlike Debt settlement, credit counseling does not reduce your debt. Most consumer credit counseling firm's claim non-profit status and pretend to be independent. But in fact, these non-profits are funded and supported by the very people you owe money to: the credit card companies. This is why consumer credit counseling companies do not negotiate your debts down: They merely try to come up with a plan to make sure you keep paying your credit card bills every single month. They want to force consumers to pay as much money as possible to the creditors.
Sure, they may help lower your interest rate a few points or eliminate a late payment or two, but the credit card companies are happy to do this when they know you are going to keep making payments that can be negotiated to a fraction with Debt settlement.
Additionally, since you are repaying 100% of your debt balance plus interest charges (even after they are reduced by consumer credit counseling), you could be in a consumer credit counseling program for 5 years! Compare that to 2-3 years for Debt settlement.
Good Luck and God Bless You!
Sanbaugh, of course your opinion is not motivated by financial g
Sanbaugh, of course your opinion is not motivated by financial gain, right?
I'm new here but I did read the TOS, maybe you should do the same so all your work soliciting business is not wasted.
