Debt reduction question

[ilovemk76]

Sounds like a scam.

A better way to get rid of the debt would be to rent out unused bedrooms and put the extra money toward the debt.

 

[TheRustyScupper]

CONSUMER CREDIT COUNSELING SERVICE:

1) If in trouble, call Consumer Credit Counseling Service.
. . . fully accredited by several organizations
. . . all 50 states and probably in a city near you
. . . they could be called CCCS "of {your city}"
2) We worked for them as volunteers, although their counselors are paid.
. . . they will reduce your total monthly payments to creditors
. . . they can sometimes get penalties and interest reduce or eliminated
. . . frequently, the creditor will reduce some principle
. . . usually car and house notes are not reduced, but almost all others are
. . . typical goal is three years to zero debt
3) The program
. . . you sit with them and determine your REAL & TRUE monthly budget
. . . you and they figure how much you can devote to debt reduction
. . . they let you know if the creditors will accept the repayment
. . . you may need more payment amounts, or maybe even less
. . . this takes 1-3 weeks to contact creditors, then you meet again
. . . you turn over all your credit cards
. . . you run on an all-cash basis (for exceptions, they can discuss)
. . . you do a payroll deduction for the repayments
4) Payments and fees
. . . no charge to the individual - zero, none, zip, nada
. . . no up-front fee, commissions, or other payments to their service
. . . the company granting credit pays the fee as a percentage
. . . ALL OF YOUR MONTHLY PAYMENT TO CCCS MONEY GOES TO CREDITORS
. . . the office expenses and salaries are paid through the creditor fees

NOTE: IF YOU CONTACT A SERVICE THAT WANTS FEES OR UPFRONT
MONEY, OR IF ALL OF YOUR PAYMENTS DO NOT GO TO DEBT REDUCTION,
RUN AWAY - FAST, FAST FAST.