What Are Credit Counseling Agencies?-00-6419

By Author: rafalinares
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Very merely in most cases they're collection agencies working for and in effect controlled by the credit card companies. We'll explain this more underneath. What may they do for me? At most, they'll aid you lower your interest rates a little. Normally only with respect to credit cards with companies that are willing to participate. Normally what you genuinely need is do away with many debt Credit Counseling Agencies are of no use whatsoever. Only bankruptcy may genuinely get rid of debt. Is it any wonder that credit-counseling agencies hate bankruptcy? They work for the credit card companies and the credit card companies acknowledge that the one thing that may "unhook" you from their control is bankruptcy. Normally you can't recompense all your bills and want to look at a credit-counseling plan the second best advice I may give is to first check out how bankruptcy works and what it will do for your family. You will be altogether astonished. Bankruptcy is so much better than credit counseling. Normally you don't take the time to check out bankruptcy before you sign up for a credit-counseling plan, you will never acknowledge until ...
... it's too late. You may find out FREE with regards to bankruptcy and any bankruptcy law firm worth its salt offers a FREE INITIAL CONSULTATION. Normally advice I may give you is never put good cash into the hands of any of these organizations. Why? Because you opportunities of success with credit counseling are slim to none. Normally of these organizations seem to be legitimate "non-profit" businesses, dedicated to helping individuals. These are called credit-counseling organizations. Normally legitimate organizations and agencies set their clients up on repayment plans that leastways lower interest rates somewhat on certain debts. These are commonly just your credit cards.

The almost all of the organizations that run ads on TV, and peculiarly on the Internet, are merely scam organizations. Exceptionally the ones that offer to make individuals debt free without payments and without filing bankruptcy. Their goal pure and simple is to sucker innocent individuals into sending them cash. The sad thing is that individuals genuinely fall for these scams. As an effect, many good, honest, hard-working, but not street-wise individuals end up sending in many hard-earned cash. These individuals get absolutely not one thing in return accept the sinking feeling having been "suckered" and the heartache of losing hundreds or thousands of hard-earned dollars that could have been employed to take care of their families. It just makes us sick and we just hate it for these families. The bottom line: There is no truer saying than "If it sounds too good to be unfeigned it's. " Unfortunately, there is very little whether or not anything in the form of State or Federal regulation to oversee and protect the populace against these scams. Exceptionally no easy way for the populace to separate the scams from the possible non-scams. To make things worse many so-called credit-counseling agencies and debt management organizations pretend to be legitimate. These agencies and organizations merely trick individuals out of cash. Exceptionally, one or more States' Attorneys General has sued Ameridebt. Why? Exceptionally Ameridebt kept itself out as being a non-profit organization it wasn't. Allegedly, this organization illegally absconded with its customer's full first payment, cash that should have been employed toward the payment of the customer's bills.

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