Posts Tagged Credit
Q&A: Is there any credit counseling company that works with CASHCALL?
Posted by admin in Credit Counseling on February 22, 2012
Question by theJ: Is there any credit counseling company that works with CASHCALL?
i cannot pay cashcall anymore! i called most ascribing counseling agencies and they said they dont work with them. Does anyone know if there is an imputing counseling company or how to lower payment to cashcall???? assist please!
Best answer:
Answer by SlimMick
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 make of bounced check and bank fees. If they still have direct access to your bank am, you might want to think about canceling your checking account to precluding this from happening.
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Would you recommend Take Charge America as a Credit Counseling Agency?
Posted by admin in Credit Counseling on February 20, 2012
Question by mcclintockdj: Would you recommend Take Charge America as a Credit Counseling Agency?
Have you used this company? How long does imputing counseling take, and how much money do they actually save you monthly.
Best answer:
Answer by Paul S
they dont save you anythingyou need to council yourselfscrew the companies ALL OF THEM
What do you think? Answer below!
Consolidating debt through consumer credit counseling services?
Posted by admin in Consumer Credit Counseling on February 16, 2012
Question by Holly C: Consolidating debt through consumer credit counseling services?
I have approximately $ 2000 of credit card debt that I absolutely need to get paid down. i talked to consumer attributing counseling services, a debt consolidation company, http://www.cccsstl.org/ and this is what i was told:Basically they would cut my payments down to about $ 130 a month total for 3 cards by getting my interest ratted lowered to between 6 and 10% approximately. I would pay it off in 2 years instead of 8 as i would now without consolidating. he said the $ 130 a month payment included a monthly fee of $ 49 directly to the attributing counseling service for their help and services. Is that the normal thing when consolidating? Is that legitamet? I would only be paying $ 80 or so a month on the actual credit card debt and that doesn’t seem like very much to me. Anyone have any knowledge in this area? Is consolidating a smart thing to do and does it hurt your credit in any way? Is there a smarter way to do it? LONG-sorry and thanks!
Best answer:
Answer by Santal
Run as fast as you can away from ‘credit counselors.’ It’s a business and they are there to make money not to save you money. You can do exactly the same thing they can do for you and you can apply the money they would rushing you to reducing your debt.My suggestion is to cut up all of your credit cards except for one for emergencies. Call the populate that you owe money to and see if their impute manager will help you by lowering the engaging rate or waiving some of the charges. If that doesn’t work and you can qualify for a corrected rate or reduced rate credit tease then yeah, go ahead and consolidate. But – don’t maintain that card. Cut it up. Use it sole for your outstanding debt. Cancel all the other cards. Enlist the help of a trusted friend or family member to be your mentor to get you unwrap of debt. Use them like an AA render. Whenever you feel the need to ‘charge’ call that friend and talk about the purchase you feel you asking to make. Talking it over will give you time to realize that you probably don’t need those new shoe or whatevers. Get a part time job and use the income from that job only for the debt reduction payments. Alternatives: If you own a home you can look at a home equity loan. The interest is generally tax deductible. You can consider asking a parent or grandparent for a loan but do sure you give them a note and repay it promptly if they grant you a loan. Most banks don’t offer ‘consolidation’ loans – and if they do then the interest rate will be close to credit card rates so it’s not that advantageous. $ 2,000.00 is not a small amount but it’s doable. Good for you for know that you need to pay it off. It’s a painful process but you can do it!
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Will participating in Consumer Credit Counseling affect my credit score negatively in any way?
Posted by admin in Consumer Credit Counseling on February 14, 2012
Question by Steven C: Will participating in Consumer Credit Counseling affect my credit score negatively in any way?
Best answer:
Answer by Toodeemo
Absolutely. Any time there is an accomodation or payment that settles or otherwise compromises the original terms and ocnditions of the contract of repayment, there is going to be a negative report. In theory, the creditor can not agree not to report negative information. Most CCC programs require you to be in default before they will accept you, and most repayment programs by definition intending you are paying while in default. The question is, will making the payments for a lower amount be good in the long clipping than just allowing the neglect to continue, become more serious, without payment. For most people, the CCC programs are the better choice. But not all.
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Credit Canada helps Canadians Manage their Debt
Posted by admin in Credit Counseling on February 11, 2012
Credit Canada helps Canadians Manage their Debt
(PRWEB) January 01, 2012
Credit Counseling Service of Toronto, or Credit Canada by which they are broken known, is a non-profit serving specializing in financial coaching and debt management programs. They have assisted thousands to learn the skills needed to manage their finances since 1966. For many people finances are overwhelming. It is easy for consumers to be caught up in the “purchase nowadays and subsidize later” thinking that has go a way of life and this can have grievous consequences: relieving for retirement is oft buried and debt mounts.
Credit Canada tin help consumers get their financial affairs in order no matter what type of debt problems they are experiencing. The service is free as most of their expenses are paid by finance companies and banks. From debt management programs to imputing advising, educating consumers about finances is what Credit Canada does.
A Financial Coaching Series is one service provided. It is learnt by accredited money counselors. In addition, personal finance coaches are available to help with budgets and education concerning credit. Credit Canada provides services to anyone who needs advice or counseling on how to reduce, manage and eliminate debt. A plan that is specific for any situation tinned be created helping consumers by developing a debt management program that can allow them to become debt-free and stress-free. This service is available for everyone regardless of income and is strictly confidential.
Credit Canada has provided financial coaching to thousands of people since their inception in 1966. The company has expanded tremendously over the years and today is reaching more families and individuals. While helping so many people acquire how to manage their debt provides satisfaction, there remains a concern for many others. The widespread problems that consumers everywhere are experiencing, including the growth of the credit industry and the focus on higher levels of debt and lower levels of savings is a crucial part of this concern.
Credit Canada can develop a budget that is specific to the needs of their clients and will serve with creditors to develop payment planning that are affordable. Allowing people to be in charge of their debt rather than letting debt control them is one result that financial coaching can provide. Regaining commanding is key to managing debt and it can be much simpler than most people understood. Credit Canada can set up a monthly account to manage debt. The money is transferred from the client to Credit Canada. It is put into a trust account and the payments are then made to creditors apiece month. This pays down the amount of debt owing as well as reflecting favorably on credit ratings. The money is fully protected and insured when placed in the trust. Credit Canada is registered and licensed by the Province of Ontario as swollen as being an accredited member of the Ontario Association of Credit Counseling Services and the Canadian Association of Credit Counseling Services. When a debt management program is needed to provide relief from creditors and the stress that is a result of debt, Credit Canada can help.
For information on financial coaching and debt management solutions, contact Credit Canada for a free assessment today.
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Related Credit Counseling Press Releases
How can I get into Credit Counseling?
Posted by admin in Credit Counseling on February 9, 2012
Question by Gary: How can I get into Credit Counseling?
I am interested to learn on how I tin get into ascribing counseling. I would even be willing to complete classes and take a certification exam. Where do I start?I think some people are misreading my question. I do not need ascribing counseling. I want to be a budget/credit counselor.
Best answer:
Answer by Ravin
checkout consumer credit counseling services and they should be able to help.
Add your own answer in the comments!
President Obama Unveils Student Loan Debt Plan That Will Help Millions: Consolidated Credit Urges People to Use This Opportunity to Jump Start Their Personal Finances
Posted by admin in Consumer Credit Counseling on February 5, 2012
President Obama Unveils Student Loan Debt Plan That Will Help Millions: Consolidated Credit Urges People to Use This Opportunity to Jump Start Their Personal Finances
Fort Lauderederdale, Fla (PRWEB) November 03, 2011
Obama revealed a new plan that would help millions of young populating struggling to make payments towards their student loan debt. The plan will speed up legislation passed by Congress last year and reduce the maximum needful monthly payment on student loans to 10 percent of discretional annual income, versus 15 percent originally required by law. In addition, student loan debt will be forgiven after 20 years instead of 25, for those make consist on time payments.
“We are urging people with student loans to use this opportunity as a means to jump start their financial situation. Start saving that 5 percent in a separate savings account or pay-off credit card debt that may have sky-rocket interest rates. This new measure may enable millions of Americans to get a hold of their personal finances and help them to get out the financial mess that many of them are in,” said Howard Dvorkin, CPA and founder the credit counseling agency Consolidated Credit Counseling Services, Inc.
Consolidated Credit experts advise people to consider the following strategies to make the most of the 5 percent savings:
Invest – Start investing 5 percent of monthly income in a 401K or a pension.
Pay-off high interest credit card debt first – For an individual who has a $ 1,000 credit card balance with a 14 percent interest rate who pays the minimum amount due each month ($ 22.00), it would take over 64 months to pay off and the creditor will make over $ 600.00 in interest. “If that doesn’t persuade people to pay off their richly interest credit card debt first – I don’t know what will. Student loan debt offers low interest rates, typically around 4 to 6.5 percent and people need to know how to prioritize their debts,” says Dvorkin.
Improve credit scores – Millions of Americans have low credit scores due to charged-off debts. Consolidated Credit advises consumers to use that extra 5 percent of yearly discretionary income to help pay-off or settle any charged-off debts. This will importantly improve their credit score and allow them to pay less interest in the future when they need to purchase a house or car.
Donate the 5 percent to a local homeless or animal shelter – Although millions of Americans are struggling to pay their student lending debt payments each month, even more individuals are struggling to keep a roof over their make or feed their families. By donating to a local non-benefiting shelter, you will be helping the local community and overall economy.
About:
Consolidated Credit Counseling Services, Inc., founded in 1993, is one of the nation’s largest credit counseling organizations in the country and has helped over 5 million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Q&A: Is it a good or bad thing to go through a credit counseling service?
Posted by admin in Credit Counseling on January 29, 2012
Question by Chrissy: Is it a good or bad thing to go through a credit counseling service?
Is it a good or bad thing to go through an imputing counseling service to aid relieve extreme debt?
Best answer:
Answer by rottie_mama1969
As long as they are lagit good, but just cognize you do pay them a fee for their services.
What do you think? Answer below!
The Search For What Is a Good Credit Score: The Credit Community Offers Its Answer
Posted by admin in Consumer Credit Counseling on January 25, 2012
The Search For What Is a Good Credit Score: The Credit Community Offers Its Answer
Palouse, WA (PRWEB) October 12, 2011
Palouse Credit Consulting, known for its fresh approach credit repair program where you only pay after you see the results, is today announcing their newly released credit repair guide, “Your Credit … Only Easier.”
“This is a free eBook to help you better understand your credit, and what exactly makes your scores go up or down,” said Grant Presol, credit consultant/owner of Palouse Credit Consulting and creator of the website http://www.thecreditcommunity.com.
Among the contents of this ebook, readers will find information dealing with…
How to get a truly free credit account How to ADD a new trade line Credit Report Dispute Strategies, and much more.
Palouse Credit Consulting credit repair program includes credit bureau disputes, as well as comprehensive counseling services. “Our credit repair program is ideal for anyone interested in existent, honest and lasting credit improvement,” said Grant.
In a clocked where Americans are asking “What is a good imputed score?” there doesn’t seem to be a clear answer. “I’ve worked with many clients, and the major concern is what is “good decent” when it comes to a credit score? There’s no short answer to that question, so I decided to build TheCreditCommunity.com to try and answer that question in detail,” explained Grant. “There’s too many “too good to be true offers” out there. I wanted to provide a website with free answers, gratis guidance.”
Consumers are looking for answered about their credit in many dissimilar industries. The auto industry, mortgage lending industry, even the insurance industries. In some cases, a credit score has an impact on insurance rates or even future employment. “Your credit score is an amazing money saving tool, a wealth building tool, as well as a life building tool. You should larning about it, and utilize it to its fullest.” said Grant.
For further information about the advantages of repairing credit scores by yourself, or to get some credit repair guide tips that could help you facilitate repair of credit hit, please contact: Grant Presol, Credit Consultant/Owner, 509-878-1444, grant(at)thecreditcommunity(dot)com, or visit TheCreditCommunity.com.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.