Archive for the ‘credit card debt consolidation’ Category

Can debt consolidation improve your credit score?

Wednesday, July 16th, 2008

There are a few options when you are trying to eliminate debt. You probably have heard of debt consolidation. This really is not the solution for getting rid of debt problems. In this article I am going to discuss five options and out of the five only one works the best.

Our option.
We provide a service that is a proven-debt elimination process to help you become debt free typically within 36 months. A service expert will design a debt-relief program that is right for your unique situation. This expert will assist you through the entire process.

Debt Consolidation
A debt consolidation solution is flawed. You borrow money to fix a borrowed money problem. Lenders and banks offer these programs because they make money. This is supposed to reduce your debt; all it does is prolong your debt.

Consumer Credit Counseling Services ( CCCS)
A credit card company originally created Consumer Credit Counseling Service (CCCS) in the early 1980’s to recover money from consumers that have fallen behind on payments. CCCS disguised itself as a non-profit entity to hide the fact they are actually a bank. Statistics show the more than 50% of the people that start this process fail to finish. CCCS seeks to collect as much money as it can and they charge the consumer a fee for the service, often under the heading of a voluntary contribution.

In 2005 congress passed a new bankruptcy law that made it tough to file bankruptcy. At times bankruptcy will be on your credit report for 10years. Not to mention all the fees involved with an attorney and credit counseling classes it usually requires.

Do nothing
This is not a good option. If you decide not to do anything you can count on the situation getting worse. Eventually you could be facing court orders which will ultimately result in wage garnishment or even judgments. If you are ready to take control of you financial destiny click here today!

Disclaimer: This information has been compiled and provided by as an informational service to the public. While our goal is to provide information that will help consumers to manage their credit and debt, this information should not be considered legal advice. Such advice must be specific to the various circumstances of each person's situation, and the general information provided on these pages should not be used as a substitute for the advice of competent legal counsel.