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  1. #1

    Default finance questions

    This response is from my husband. I asked him if he would write you,
    because he handles our finances, deals with the consolidation people,
    etc. (and it's his debt). I knew he was happy with these folks, so
    here goes!



    My wife and I got married with about $10,000 in credit card bills already
    hanging over us. Even though I was making the minimum balances, I was not
    making a dent in the overall debt. I even tried paying more on the
    card with
    the most interest myself, but the interest was too high to even make a

    I researched companies and finally was referred to Cambridge Credit
    Services ( They work with
    to lower the interest rate on the credit cards and to pay off the
    cards in the
    shortest amount of time. It is going to take me about 5 years to pay
    off my
    debt, but during that time I do not have to worry about it hanging
    over my head
    each month.

    CCCS is non-profit. I was referred to them by by Tom Martino, the
    Troubleshooter, a radio host who specializes in dealing with customer
    issues -
    kind of like a radio version of the BBB.

    Contrary to what the gentleman said in an earlier post, credit counseling
    services do not show up on your credit report as a bankruptcy (bankruptcy
    doesn't show up unless you actually file!) It does show up that you
    are on a
    credit repayment program, but many companies will actually see that as
    a good
    thing. I recently spoke with an auto dealership about trading in my
    car, and
    the interest rate they quoted me was between 1.5% and 3.9% - quite
    than the 9.9% that I am currently paying on a car that I bought before I
    started with CCCS.

    Also, they have a "Good Payer" program that actually allows you to receive
    money back every six months if you make your payments on time. They offer
    electronic funds transfer for payments, too, so there is no messing
    with money
    orders each month.

    Okay, I guess you can see that I am happy with this company. I am not
    to seel them specifically, but I do suggesst that your sister get in
    touch with
    a company such as this one and get started paying the bills off. If
    else, the peace of mind is worth it.

    Joshua Tallent

  2. #2

    Default Re: Finance Questions

    For Joshua:

    Thanks for taking the time to explain your situation and your experience. I
    am eager to get my sister to help herself and I think a program like this is
    well worth it!

    I will pass along your information to my sister for her consideration.

    Thanks again for your time and all the other list members who have been
    giving me (& others) information on paying down debt.

    Michelle in DE

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