Debt Management Program Advisor

RL asked:


in credit counseling and are in a debt management program. We are making payments on time with no problems and have a reference letter from the counseling agency to present to financing departments. We have been turned down for financing by our credit union because of the DMP. Will a dealer be more likely to look at a DMP as a positive? Will we be able to get financed at a dealer w/o the “buy here pay here” ?

Peter

Doodoodoodler asked:


I have several credit cards, all of which have substantial balances (totaling about $14,000). I’d like to contact one of those debt management programs to see if I can consolidate my bills and get this crap paid off once and for all, but I don’t want to get mixed up in some scam or something that is going to hurt my credit score, which is a relatively good 704 right now). Does anyone have any suggestions or experience with these things? Or a company that you can recommend? I’d greatly appreciate any advice.
There is some really good advice here. Thank you all. Question: Where can I get a 0% card???

Ruth

Bigfoot asked:


My best friend 2 years ago filed for bankruptcy. She was forced to close all her accts. She had delinquincies in her report. She got a credit card for bad people with a low revolving line. In 2 years she has 4 credit cards and a good credit score. I have an unsecured credit card with a $300 limit (not even close to being maxed out) and another card on a debt management program. For 3 years I have paid more than the minimum on each card (the $300 card and paid MORE than what debt mgmt. co negotiated) I have always paid before the due date. I have a school loan that I pay on time all the time and never missed a payment. Her credit score is EXPONENTIALLY higher than mine while mine has staid in the high 500’s for a long time. AND when I just applied for a store credit card I got denied. I asked if my $300 limit card could be raised to $500 – and was denied. My 3 credit reports from last week don’t show anything out of the ordinary. I cant figure out why I was denied credit.

Karl

boxbeatle asked:


There are two types debt management programs. One is where a company negotiates lower interest rates, you pay them, then they pay all your credit cards every month.. The other type is a company that negotiates a settlement for less than amount owed. This company just pays one card at a time, and get them paid off quicker than the first option. Which type is worse to have on your credit report?

Matthew

CAZ asked:


I am looking for someone who can take a look at my credit report, tell me what to work on and in what order. I am not interested in consolidating all my creditors or any debt management program.

Leroy

davis asked:


I am living in GA,I have 20k debt in my credit cards,somebody called me from CA,He said he can work out my problem,he has a debt management program,I just need pay 10k in three years,I will be debt free after that,now he ask me to provide my checking account number,and SSN,he guarrentee to make me approved.
I am wondering whether there is such good thing existed?
how to verify his identity?how to avoid being decieved?

Thank you.

Gary

kel5204 asked:


Ok I have 8000 in collections. Way over 180 days past due. I am concerned with my future and my credit report, in making a decision to resolve my problem. What will I benefit more. Settling for less than owed with the collections agency? Or, going into a consumer credit counseling debt management program?

Andre