Also, credit counseling ruins your credit JUST AS MUCH AS BANKRUPTCY DOES. Why wouldn't you file and get rid of the debt?
Yes, people do not realize this, but it does. My sister went through one of those credit counseling companies and her credit score is lower now than it was when she signed up. Also remember that a lot of these creditors can refuse to participate with your repayment plans through these so-called credit help companies. When Dell found out she was in this program, they demanded her balance in full!
Yes, people do not realize this, but it does. My sister went through one of those credit counseling companies and her credit score is lower now than it was when she signed up. Also remember that a lot of these creditors can refuse to participate with your repayment plans through these so-called credit help companies. When Dell found out she was in this program, they demanded her balance in full!
Once you get into an agreement with a credit counseling agency, that goes on your credit report just the same as if you filed bankruptcy. It will list on your credit report that you're unable to pay as per the credit agreement. 
