Consumer Credit Counseling Service Cccs

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I have posted similiar question about this but now that I went to CCCS for advice this is what they said. I'm overextended, duh? I thought that was a no brainer! I have 29000 in debt and the counselour stated it would cost me 772 a month to pay off my debt which would be at 10% for 5 years. I brought in a debt consilidation plan for a loan for $25000 with no collateral needed at 8.9% for 5 years and the counselour shunned at it and said I had no chance at that loan? She did not know how I was living within my means...I told her I had overtime and take surveys on the internet and use Bank of Americas Keep the Change program. She did not comment on those things but said I could use food source and drive 1 hour to a Church to get food for $50 a month to save on food, but no milk, OJ, bread is provided? I have a WalMart across the street and I save gas that way. It just seemed she thought I was a deliquent consumer by I have a good credit history and pay bills on time where else can I go?

Best Answer

No. You should do this on your own. Credit counseling is, for most people, a very bad experience. I've heard many horror stories from my clients and not one of them would do it again. Also, it's a fact that it looks worse to be in credit counseling than to have filed for BK. Sit down with your bills and come up with a plan. Scale back all unnecessary expenses, get a 2nd job, get a roommate, only eat things you cook at home and figure out how to make it work. People have been in worse spots than you and have come out ok. You can do this. Good luck!

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!!

Best Answer

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 £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.