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| *Loan,banking and credit>>>credit counseling |
Consumer Credit Counselling Service - a registered charity for those in debt!? |
Has anyone used the CCCS for when they have been in debt - its not making yourself bankrupt and its not having debts written off - you pay a set amount each month to this company and they send your money to your creditors equally, you take your debt seriously and you pay all of it off - its just that the interest should hopefully be capped and you have a better life because your money is your own. has anyone ever done this or used this company - is it as it sounds or are there hidden scary bits!! To try and answer your question, I was interviewed some months ago for a job working for the CCCS (didnt get selected but thats another story). YES! this is a very genuine free service provided by the CCCS, they will look in detail at a persons individual financial circumstances and help you to decide based on your incomings, overheads & levels of debit. Which plan of action is the most suitable for you such as IVA (individual voluntary agreements) or bankrupcy,etc. **Be aware there is a difference between IVA's & full blown bankrupcy & its quite big contast too. You need to understand the differences between these two things. Bankrupcy for example affects your credit scoring immediately and for I think atleast 12months so you wont be able to get any further credit during the 12mths concerned. IVA's dont affect your credit scoring in quite the same way. **NOTE, the CCCS is a registred charity and as such it doesnt take a fee off clients for the help it provides. This is VERY important as there are MANY debit busting companies who would just love to help you with your debits for a nice fat fee. Usually a % of your debit 10% is NOT uncommon, average fees to a debit clearance firm is about 拢6,000. SO contrast that with zero fees from the CCCS. **No! the CCCS are very trust worthy and IMO do a very very good job in providing real help. I have heard bad things about companies like that. I have heard that some (not all) actually work against you by keeping the money that you send them, and not paying the bills. Contact your local BBB (Better Business Bureau), and the BBB where CCCS is located (Carollton, TX - I think, check to be sure). Good luck. This sounds like it could be what is known as an IVA, which is similar to bankrupcy, except that the people you owe money to cannot seize your assests (such as house, car etc). What happens is that they write off the debt you can't afford to pay, and take a set amount each month and split it between the remaining creditors. While it may sounds like a great idea, you should think carefully, as an IVA will look terrible on your credit file and you might not be able to get credit in the future, and may find that you can't get something as simple as a bank account!! Think carefully and Good Luck wow anyone would think you worked for them lol get a real job My son took out an IVA and never looked back Incidentally if u go bankrupt it will affect your credit rating for at least 6 years Yes have know people who have used their free service. And yes they do pay your debts.. Firstly they assess your finances incoming and outgoings and decide what plan is best for your situation and needs. You then pay them on a monthly basis and they pay your creditors. They're not a company, they are a non-profit making organisation. They do the same as the debt management companies but without taking a fee, so more of your money goes to paying off your debt. |
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