They don’t help in the long run. They claim to consolidate your debt, and make monthly payments to all of your creditors. The problem with that is it hurts your score even more b/c it shows that you aren’t responsible enough to manage your debt.
Some companies don’t make the scheduled payments they promise they will. Leaving you the consumer in even more trouble. I worked with the Dept of Financial Regulation in MD for 2yrs. We received numerous complaints about the practices of some of these compaines.
If you can make arrangements with you creditors on your own and arrange for monthly payments that you know you can afford, that would be your best option. You are paying them to do what you can already do for yourself.
Aydin
They don’t help in the long run. They claim to consolidate your debt, and make monthly payments to all of your creditors. The problem with that is it hurts your score even more b/c it shows that you aren’t responsible enough to manage your debt.
Some companies don’t make the scheduled payments they promise they will. Leaving you the consumer in even more trouble. I worked with the Dept of Financial Regulation in MD for 2yrs. We received numerous complaints about the practices of some of these compaines.
If you can make arrangements with you creditors on your own and arrange for monthly payments that you know you can afford, that would be your best option. You are paying them to do what you can already do for yourself.