Everyone KNOWS that those agencies are rip offs.
Don’t you listen to Dave Ramsey?
He’ll shape you up and have your credit back in no time.
Get out of that agency’s database NOW if you truly want to bump up your score!!!

Probably not. Payday loan companies are not known for playing by the rules and are not likely to lower interest rates or work with the counseling agency.

The purpose of going on the credit counseling plan is to get out of debt…not to get into debt. Thus, while you’re still on the program, it is designed so that you won’t have easy access to more loans (of any type).

I understand your desire to buy a house, but in this market that may be a risky proposition. This isn’t a bad time to be a renter. Focus on paying down your debt for now. In a few years, you’ll be debt-free, and you will be much better positioned to buy a house THEN. That’s the whole point of credit counseling….to get you free of debt, not to get you deeper in.

My answer is simple, just take bdancer2′s advice, she hit the bulls eye.

It is going to take a good long time of on time payments to really restore your credit rating to a respectable level. You will almost always be able to find someone to lend you money, byt with poor credit the rates will be unbearable.

My suggestion would be to stop borrowing until you can completely get your debt situation under control, and then stop making the decisions that got you in trouble in the first place (and borrowing at high rates qualifies)…

It will take a number of months paying as agreed. When you don’t pay what is owed they will drop you from a I1 t a I5. If you don’t pay at all it is an I9. This is a charge off collection. All of these statuses drop your score. When the debts are satisfied the score will also start coming back as long as there are no more adverse reports. Buying a house now will cost you more in interest due to your score. I would sugest waiting until your score get to be at least a 620 to save yourself some money.

Credit counseling companies don’t improve your score. They work on helping you pay off your debt. Check here for a NFCC credit counseling member: . These are legit, non-profit companies that offer debt management plans for a nominal fee.

There are all sorts of credit repair companies out there. Almost all of them are pure scam. There is no way to fix bad credit. You just have to wait for the negative items to age off.

If you are carrying balances on credit cards, pay them off. Carrying balances of more than 30% hurts your score. Pay off the balances and your score will get a boost. Otherwise, it’s a matter of paying everything on time. You need at least 24 months of consistent, on-time payment history to improve your score.

Consumer Credit Counseling Services: . These are legit non-profit companies that offer free credit counseling. They can look at your finances and advise you how to set up budgets etc. They also have a debt management plan if you qualify.

They are not going to offer any shortcut or magic formula to make your debt disappear. But they will help you deal with paying off your debt.

I agree with the person above. You should never let someone else do what you are capable of handling let alone pay them for that service. If you do not feel you can handle this action required I would seek one that is inline with your faith and practice and how God handles finacial matters. Look at Dave Ramsey he has some great programs to help out the credit challenged America also Crown Finacial Ministries is another one.

Unfortunately no….CashCall (as you probably already know) is a vicious firm to deal with. They do not participate in any debt management programs.

Note: As long as CashCall still has your bank account numbers, they will attempt to debit your account even if there is not sufficient money in there…leading to even worse problems in the form of bounced check and bank fees. If they still have direct access to your bank account, you might want to think about canceling your checking account to prevent this from happening.