Does anyone know the difference between debt settlement companies and enterprises CCC? Which is better?
I have some credit card debt I do not know what credit card company to consider either a "CCCS" or the debt settlement company. "There is a better alternitive right?
i personally working for the department of credit card collections of a large bank in the UK, and I am against people in financial trouble every day. instead of constantly harassing customers are able to advise on debt management companies to cardholders are in financial trouble. consolidation loans as you would see the televisoin basically pays the amount needed to pay your card debt, and ends with pay in a period of time, many people find this easier because its only one bill to pay every month, instead of 1-10 accounts credit cards each out on different days, however the interest on these cards is usually higher than the interest of cards, and that these costs more the long term to attract people by offering low monthly payments again, however this only allows them to extend the loan, including longer make earn more money. as specialized collections i never a recommendation for consolidation loans and debt management Compain, these businesses is a little different, usually produce a Financial Assessment to you (the cardholder), also known as income and expense report. then decide how much can be pay each creditor each month, they send the data to all your creditors and then, if your offer is accepted usually get interest and charges frozen on your credit card and allowed to pay a lower amount than usual for a fixed period of time. One thing I will say is read your contract to a close, as some companies debt management (eg, Pennington gregory) really wait three months before paying any of its creditors, even though they are paid money each month to send to creditors (and pay for their services), it pushes you further into arrears and has led some people to issue notices of breach, company do this both to earn interest on money in their accounts of assets, but also in favor, while the amount of time required for their services. in my work I only recommend debt management as payplan FREE Compaine, the CCCS (Consumer Credit counceling Service) and your local CAB (citizens advice bureau) all these comapines provide equal or better service than pay. Hope this helps you out.
Debt Settlement Companies Under Scrutiny
