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Very merely in most cases they’re collection agencies
working for and in effect controlled by the credit card
companies. We'll explain this more beneath. What can they do
for me? At most, they’ll help you lower your interest rates
a little. Normally only with respect to credit cards with
companies that are more than willing to participate.
Normally what you really need is to eliminate some debt
Credit Counseling Agencies are of no use whatever. Only
bankruptcy can really get rid of debt. Is it any wonder that
credit-counseling agencies hate bankruptcy? They work for
the credit card companies and the credit card companies
recognise that the one thing that can "unhook" you from
their control is bankruptcy. Normally you can't compensate
all your bills and want to consider a credit-counseling plan
the second best advice I can give is to initial check out
how bankruptcy works and what it will do for your family.
You will be exclusively astonished. Bankruptcy is so much
better than credit counseling. Normally you don't take the
time to check out bankruptcy before you sign up for a
credit-counseling plan, you will never recognise until it's
too late. You can find out FREE regarding bankruptcy and any
bankruptcy law firm worth its salt offers a FREE INITIAL
CONSULTATION. Normally advice I can give you is never put
good money into the hands of any of these organizations.
Why? Because you prospects of success with credit counseling
are slim to none. Normally of these organizations appear to
be legitimate "non-profit" businesses, committed to helping
people. These are called credit-counseling organizations.
Normally legitimate organizations and agencies set their
customers up on repayment plans that leastways lower
interest rates more or less on sure debts. These are
commonly just your credit cards.
The majority of the organizations that run ads on TV, and
specially on the Internet, are merely scam organizations.
Peculiarly the ones that offer to make people debt free
without payments and without filing bankruptcy. Their goal
pure and simple is to sucker innocent people into sending
them money. The sad thing is that people really fall for
these scams. As an effect, some good, honorable,
hard-working, but not street-wise people end up sending in
some hard-earned money. These people get absolutely nothing
reciprocally except the sinking sentiment having been
"suckered" and the heartache of losing hundreds or thousands
of hard-earned dollars that could have been employed to take
care of their families. It just makes us sick and we just
hate it for these families. The bottom line: There is no
truer saying than "If it sounds too good to be unfeigned
it’s. " Unfortunately, there’s very little whether or not
anything in the form of State or Federal regulation to
oversee and protect the public against these scams.
Peculiarly no easy way for the public to discerned the scams
from the possible non-scams. To make things worse some
so-called credit-counseling agencies and debt management
organizations pretend to be legitimate. These agencies and
organizations merely trick people out of money. Peculiarly,
one or more States’ Attorneys General has sued Ameridebt.
Why? Peculiarly Ameridebt retained itself out as being a
non-earnings organization it wasn’t. Allegedly, this
organization illegally absconded with its customer's full
initial payment, money that ought to have been employed
toward the payment of the customer's bills.
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