Wouldn’t debt consolidation / credit counseling / debt settlement program be a better way to go?
A. No, at least we don’t believe so. There is no reduction of your actual debt, allowing you to pay off your entire balance in short order. Plus not all card companies work with the debt consolidation companies to reduce interest rates. And, you are paying a middleman to pay your bills with your own money. They don’t work for free, no matter how they promote themselves. Plus the process ruins your credit for the entire 3-7 years it will take you to pay off your debt. Most are in effect preemptive collection agencies that are supported by the credit card companies.
Related Questions
- I am already in a debt consolidation / credit counseling / debt settlement program. Can I leave that program and work with The Credit Card Solution?
- What is Debt Settlement and how does it differ from Debt Management (also referred as Credit Counseling or a Debt Consolidation Program)?
- Wouldn’t debt consolidation / credit counseling / debt settlement program be a better way to go?
