Posted on: 21st Oct, 2009 03:10 pm
Do it yourself debt settlement seems to be very popular at the moment, but how do you get results on par with the professionals?
Has anyone got some personal experiences to share on this, one way or the other?
Has anyone got some personal experiences to share on this, one way or the other?
cccs is not owned by credit card companies - i didn't notice raymond making that comment, but if he did i am definitely in a disagreement about it.
as an independent concern, they are truly independent and extremely good at what they do.
maybe we have apples and oranges here and we haven't realized it yet...?
as an independent concern, they are truly independent and extremely good at what they do.
maybe we have apples and oranges here and we haven't realized it yet...?
Hey Gmak, yes it's the ownership thing that's tripping em up mentally as far as CCCS's are concerned. From Raymonds post:
"If they visit CCCS first, their program makes the most sense because they'll eliminate the interest and penalty fees on all the debtors credit cards, and their FICO scores won't be impacted as much as the other two solutions. I wonder if they tell the debtors they're a non-profit that's owned by the Credit Card companies, and the program takes the longest amount of time to complete."
As an independent negotiation/advocacy service I could certainly understand how they can be of benefit and everything makes a certain amount of sense - much like having a debt settlement negotiator working for you, but arranging installments rather than lump sum settlement, and only for fees and charges instead of principal debt - it's only when the people they are negotiate with are the same ones that own them that I think it gets weird.
"If they visit CCCS first, their program makes the most sense because they'll eliminate the interest and penalty fees on all the debtors credit cards, and their FICO scores won't be impacted as much as the other two solutions. I wonder if they tell the debtors they're a non-profit that's owned by the Credit Card companies, and the program takes the longest amount of time to complete."
As an independent negotiation/advocacy service I could certainly understand how they can be of benefit and everything makes a certain amount of sense - much like having a debt settlement negotiator working for you, but arranging installments rather than lump sum settlement, and only for fees and charges instead of principal debt - it's only when the people they are negotiate with are the same ones that own them that I think it gets weird.
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