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by Anonymous on November 13th, 2006

Anonymous

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Do debt relief programs really work or r they just a scam? if u choose to opt with a debt relief ag., does it effect your credit report?

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  • by Darryl61 on November 13th, 2006

    Darryl61

    They do work. I am niether "stupit" or lazy. I got injured last year, and though workman's comp helps, it only paid about 2/3 of my wage. It didn't take long to fall behind. I entered into a credit counseling program to help keep up on my bills. Be assured, I am still paying every dime I owe to anybody, but these programs put a freeze on credit accounts, and through the cooperation of the lenders, reduce interest rates on the accounts, until the debt is paid in full. This is not a "bankruptcy" type scenario. All of my credit accounts show up as "current" on my credit report, because I am paying them on time, every month. The payment is lower because I am enrolled in the program. These programs aren't a bad thing, and nothing to be ashamed of. I have worked my ass off for over 30 years. It only takes one accident to change everything.

    Comments

    • well answered , i hope you are on the mend now

      tootsiegirl2

      by tootsiegirl2 on November 14th, 2006

    • Hi. Could you be so kind as toi tell me what agency you are working with? and for how much time? How much less are you paying? Are the CC's giving youlate fees, etc? Did you do some research?

      I am really confused about this... sounds like a legal scam...your answer is the first one I see that really defends them, and I would love to believe you so I get into one of these...

      Thanks!

      danteba

      by danteba on December 19th, 2007

    • Debt

      Narendra_K

      by Narendra_K on September 5th, 2010

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