How do credit card debt councilors work with credit card issuers?
I’ve seen on t.v. how credit card debt councilors work with banks when people owe a lot of money on their credit cards. They say they can not only reduce the amount owed but also get your monthly payments down to where they are manageable. How do they do this, are there any consequences such as a reduction of credit score, and is it effective (do they really do this or is it a scam)? Also, how much do they charge? Thanks. A: Unfortunately the ones who advertise on television are usually in it just for the money. Beware of any organization that requires an up-front fee. If you belong to a credit union or there’s one that serves your office, they will be able to put you in touch with a reliable organization.
