Does credit counseling work?
Find a Conversation
|Thu, 06-05-2003 - 12:09pm|
Anyway my question is I contacted Consumer Credit Counseling, they said we could get on a plan to have CC paid off in 5 years. Has anyone completed these plans, do they work? We are not usually behind on our payments but can only make the minimums. I have gotten the interest reduced on one card to 8%. But have two others that are higher. Would I be better off to call the CC Companies and try to work out a plan myself? How do banks view these plans when they show up on credit reports for future applications such as cars or houses. Do they view as a bad or good move?
I'm not sure what to do. We are hanging by a thread, living check to check and the smallest thing can throw us off our budget like car repairs which happened recently. I would appreciate any advice. Thanks
By the way we are not using our CC anymore. But debt is still high because we can only make minimums.