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Frequent Contributor
Posts: 278
Registered: ‎04-29-2007
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SO my wife was contacted by a debt consolidation company

I was told to stay away from these things.  I was basically told what they do for you, you can do for yourself.  The are telling her to pull her credit report and send it to them along with $200 a month and they will 'fix' her credit.  As she is telling me this i say hey give me $200 a month and your credit report and let me go to work :smileyhappy: but seriously arent these companies a rip off?  or are they worth the money?

Starting Score: 643
Current Score: 657
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Established Contributor
Posts: 560
Registered: ‎05-03-2007
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Re: SO my wife was contacted by a debt consolidation company

mrs. jenkins should run...as fast as she can...in the opposite die-rec-shun of that thar' company....preferably with both hands covering her butt....
Frequent Contributor
Posts: 278
Registered: ‎04-29-2007
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Re: SO my wife was contacted by a debt consolidation company

haha i told her give me 200 a month and ill do it for her, just made this post to show her what others would say about it!

Starting Score: 643
Current Score: 657
Goal Score: 700


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Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
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Re: SO my wife was contacted by a debt consolidation company



jenkins wrote:
they will 'fix' her


I extracted out the pertinent part where they told the truth.
 
They can fix ya alright. Like a neutered cat.
 
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007
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Re: SO my wife was contacted by a debt consolidation company

If you have to pay them on a monthly basis, how long will it take them to "fix" it? I don't think they are going to be in a hurry to do it in one month, or three, or six, or a year.  Meanwhile, you will have paid $200, $600, $1200, or $2400 -- and none of that goes to paying down the debt.  Keep your money, follow the suggestions on these forums, and DIY for free.  Good luck!
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