Diff between CCCS and debt settlement company?
So what is the disproportion in between the CCCS as well as the debt allotment company? What have been a little pros as well as cons of each.
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Hello,
The only thing I can really say to you is that when you let a company help you pay your bills it is one of the worst things you can do credit wise.
Some financial experts have even said it could look worse than BK.
Good Luck
I don[‘t know about either of those companies but I DO know that daveramsey.com always suggests avoiding those companies. You wind up in even MORE debt!! Go to his website and then to the library to check out his books. Read them and learn to be debt free, faster and with knowledge. Good luck!
CCCS is a not for profit company and requires their customers to pay nothing for their services.
Debt settlement companies charge for their services and are in business to make a profit.
As far as what it doe’s to your credit, the other poster simply doe’s not know what he is talking about. It doe’s show that your accounts are being managed by a credit counseling service and it’s hard to get additional credit as long as that note shows on your report. But if you are in credit counseling you have no business going out and getting additional credit anyway.
I used CCCS several years ago and was debt free in 36-months and it did not hurt my credit.
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