What are the disadvantages of using a debt consolidation / credit counseling service?
Are these services adversely affect to his credit? If so, for how long? Are there any major advantages of these services?
Yes, negatively affecting their credit. All we are doing is paying mismanaging debt. What they do is put in default by the way, and then negotiate with your creditors. It ruins your rating further and it makes them rich. You gotta do what's called a "snowball debt." Is explained in this site. It is ultra simple. First, scroll down and click on "Listen to Dave." JUST LISTEN. Http: / / www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich This sound clip of his CHANGED MY LIFE when I heard. Listen to this man for free, radio or online. This is like having the financial acumen of Bill Gates, but this guy has a national program radio. He gets a call like yours at least once a week.
Preferred Financial Services – Debt Consolidation
