Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Finance
  4. / Debt Problems & Bankruptcy
  5. / Credit Counseling

by misuba on July 22nd, 2003

misuba

Question

Help answer this question below.

Numerous credit-counseling agencies, all of them claiming non-profit status, want my business enough to advertise on late night TV, and even send me spam. Are these places sketchy? How should I select one?

  • Like
  • Report
Share:
Other

Answers. Showing one answer.

  • by Repsychler on July 23rd, 2003

    Repsychler

    Well, first step, don't confuse non-profit with not actually making money off of you. :)

    If you have a lot of creditors and you owe them a lot of money, I think they are a good way to get yourself out of trouble. Others may be able to provide personal experience, but if you stay with one of the big names (LIke Cambridge of Genus) you should be OK.
    Basically what they do is work out deals with your creditors, when you send them one payment which they take a cut of then distribute the rest to those you owe. If you only have a couple creditors, you may be able to just work things out with them on your own.

    Comments
    • Like
    • Report

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading Numerous credit-counseling agencies, all of them claiming non-profit status, want my business enough to advertise on late night TV, and even send me spam. Are these places sketchy? How should I select one?

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

Answerbag

a Demand Media company