How does Debt Settlement compare to Consumer Credit Counseling Services (CCCS)?
CCCS does NOT reduce the total debt you owe. Instead, they try to reduce your interest rates and combine your monthly payments into one payment. In some instances, this new payment can be greater than your combined payments were before entering their plan. Also, this new payment plan may have very little impact on your overall balance. Your credit report will indicate that you are enrolled in a CCCS program, which is considered a major infraction. We are not required to report anything to the credit reporting agencies, and we will not. You should also not be fooled by the fact that CCCS is a Non-Profit Organization. It is true that you do not pay a fee for their services. However, someone has to pay for their operating expenses and their salaries. If you are not paying for their expenses, your creditors are. If you are seeking immediate monthly cash relief, Debt Settlement is a much better solution.
