Debt Problems

How many of you have used "Credit Solutions" for your debt problems? do they really work or are they a scam?

Public Comments

1. If you need credit counseling check this site: http://www.nfcc.org/ . They are a legit non-profit company and offer free credit counseling. They also have debt management program available, if you qualify, at no fee. They can look at your specific situation and advise you how to proceed. Most companies you see advertising debt relief/counseling are scams. They take their fees up front and trash your credit. Their favorite negotitation tool is to not pay for several months and threaten bankrutpcy. A lot of credit card companies are not falling for this and just sue you.
2. All credit agencies/credit counsellors do is arrange payments for you. I wish everyone would get it -- whether you pay them to pay your creditors or you pay them yourself--what is the difference??? Oh yeah when you place it with them often you cannot get anymore credit and you get an R6 or lower credit rating for 7 years...if you can pay them all a little bit on your own do that--avoid them at all costs if you can...
3. Please note that if you do use the service of a Credit Counselling way out...your credit history will be damaged period!!! Proposals that are prepared to your Creditors are not always accepted although people have the misconception that they are the actual Creditor has the right to deny. More so then not they do deny.