Debt relief services

[Carloscda40]

In the ads they say we'll negotiate with your lenders to lower your payments, something to that affect.

They send you a preapproval "check" for say 25k etc. Eliminate debt faster with a persona loan.

Now wouldn't that affect your credit standing if you ever have to apply for CC's or a personal loan in the future?

[ghgirll40]

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@Carloscda40 wrote:

In the ads they say we'll negotiate with your lenders to lower your payments, something to that affect.

They send you a preapproval "check" for say 25k etc. Eliminate debt faster with a persona loan.

Now wouldn't that affect your credit standing if you ever have to apply for CC's or a personal loan in the future?

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Absolutely it will. They negotiate with your creditors by not paying them in a timely fashion. Instead of doing one of those programs I would do it yourself. The best option is imo of course- to use a snowball method to pay off debts smallest to largest but it does require hard work and sacrifice. Without knowing your full situation it is hard to give good advice geared toward you though 😊

[FireMedic1]

You can do everything they do and without the fees they charge. We can help you out but will need more info.  We''ll need:

Creditor Name/ Credit Line/Balance/APR/ to start things out. Its doable once we know all the details.

[MarkintheHV]

My sister used one of those.  She made every payment religiously.  Somewhere along the way, her account got sold, and the company who purchased, failed to make the last payment.  She wakes up one morning and Bank of America had seized her accounts (approximately 7k).  I guess there is a clause in the contract that if you miss a payment, the entire original amount is due.  She spent two months getting it sorted out and had proof she made her last payment.  Bank of America took six weeks to get her money back to her.

As the other poster said, do it yourself. 

[7774x]

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@MarkintheHV wrote:

My sister used one of those.  She made every payment religiously.  Somewhere along the way, her account got sold, and the company who purchased, failed to make the last payment.  She wakes up one morning and Bank of America had seized her accounts (approximately 7k).  I guess there is a clause in the contract that if you miss a payment, the entire original amount is due.  She spent two months getting it sorted out and had proof she made her last payment.  Bank of America took six weeks to get her money back to her.

As the other poster said, do it yourself. 

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Every bank has same clause different names .. set back ..etc .. Banks  will take  any account  balances to cover any amounts owed to  bank.. even Social Security benefits checks .. Best way out of debt mess  is to carefully pay down debts yourself..  Many resources here