Consumer Credit Directory – credit application

Question by : Does using a consumer ascribing counseling service to repay your debt effect your credit in a negative way?


Best answer:

Answer by rmlowrie
Short answer: yes it does. Longer answer: It is better for you to work terms of repayment out yourself with your creditors. Believe it or not, most are more than willing to work with you – let’s face it, money is still money in their pockets. But to help you in the process of eliminating your debt, no matter how much you owe, I would recommend a book that has set many people free, and I know it did for me: The Credit Diet, by John Fuhrman. Believe me, you will not only find it liberating because he gives practical tips on how to get out and stay out of bad debt, he also shows you how you can do it safely, securely, and with great confidence. Also, you will find yourself out of debt much more quickly than going through debt consolidation. And beware of the credit cards that offer “debt consolidation”. Although they are not scams, they ensure that you will stay IN debt far longer than if you just bite the bullet, so to speak, and work the debt elimination strategy found in that book I just mentioned. Best of success, as I know you will make it if you put your mind and your money to it.

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