finance questions

[Guest]

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!

~Lindsey

Michelle,

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
difference.

I researched companies and finally was referred to Cambridge Credit
Counseling
Services (https://www.cambridge-credit.org/home.asp). They work with
creditors
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
different
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
trying
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
nothing
else, the peace of mind is worth it.

Joshua Tallent

[Author]

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