Comments on: How do debt counselors make their money? http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/ Call 888-653-9681 To Get Debt Help Now! Sat, 28 Apr 2012 03:53:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: consumer debt settlement http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3763 consumer debt settlement Fri, 29 Jan 2010 02:54:24 +0000 http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3763 Hi there It is really very difficult to manage with the debt problems. Instead of approaching directly to the creditors, it is always better to take the help of professional companies. In order to settle your debts you need to locate a top performing debt settlement company. The Association of Settlement Companies is the best way by which you can find the best company who acts on your behalf and are consistently giving the best results. These companies are the member of this organization and are certified. Don't run for the companies that are not a part of this organization as they may not have a professional attitude. Hi there
It is really very difficult to manage with the debt problems. Instead of approaching directly to the creditors, it is always better to take the help of professional companies. In order to settle your debts you need to locate a top performing debt settlement company. The Association of Settlement Companies is the best way by which you can find the best company who acts on your behalf and are consistently giving the best results. These companies are the member of this organization and are certified. Don’t run for the companies that are not a part of this organization as they may not have a professional attitude.

]]> By: Jennifer http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3109 Jennifer Sat, 02 Jan 2010 00:45:33 +0000 http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3109 Hi, I used "Credit Solution" to settle my debt and improve my credit score .They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here: Hi,
I used “Credit Solution” to settle my debt and improve my credit score .They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

]]> By: Studly http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3108 Studly Fri, 01 Jan 2010 11:43:31 +0000 http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3108 It depends. "Debt Counselors" are just that...they will go over your financial situation and show you how to budget, and pay your bills. They will give you some educated advice on what to do. There are lots of non-profit companies that offer this for free......but it's just the start. You need to look at who these "debt counselors" work for. Some work for attorneys that specialize in bankruptcies. They will try to talk you into filing BK, and they get a nice fees for doing the court work. Others work for loan companies, and they will make their money if they convince you to take out a consolidation loan. Still others are tied into "credit repair/settlement" companies. These guys try to sell their services of working with your creditors to eliminate or lower your debt and interest. Then we have the "debt management" companies. They make arrangements with your creditors to pay your debts. You pay them a set amount, and they pay your creditors. They will charge a fee for this service. My advice is to first make sure who this "debt counselor" works for, so you are not steered into a service that you don't need, or that will actually do you more harm then good. Many of these companies are scams. Better yet, do some research. There is a tremendous amount of FREE information available on the internet that shows you how to manage your own debts, and deal with creditors. The following links are a good place to start. Yahoo Alert! I am not associated with these sites in any way. I offer them because they have a lot of good FREE information. LAY OFF ME! It depends.

“Debt Counselors” are just that…they will go over your financial situation and show you how to budget, and pay your bills. They will give you some educated advice on what to do. There are lots of non-profit companies that offer this for free……but it’s just the start.

You need to look at who these “debt counselors” work for.

Some work for attorneys that specialize in bankruptcies. They will try to talk you into filing BK, and they get a nice fees for doing the court work.

Others work for loan companies, and they will make their money if they convince you to take out a consolidation loan.

Still others are tied into “credit repair/settlement” companies. These guys try to sell their services of working with your creditors to eliminate or lower your debt and interest.

Then we have the “debt management” companies. They make arrangements with your creditors to pay your debts. You pay them a set amount, and they pay your creditors. They will charge a fee for this service.

My advice is to first make sure who this “debt counselor” works for, so you are not steered into a service that you don’t need, or that will actually do you more harm then good. Many of these companies are scams.

Better yet, do some research. There is a tremendous amount of FREE information available on the internet that shows you how to manage your own debts, and deal with creditors. The following links are a good place to start.

Yahoo Alert! I am not associated with these sites in any way. I offer them because they have a lot of good FREE information. LAY OFF ME!

]]> By: Ken http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3107 Ken Thu, 31 Dec 2009 20:16:08 +0000 http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3107 I went through a multi-year program with Consumer Credit Counseling Service, billed as a "non-profit" service. They charged me $25 per month all the while I was enrolled. They got some companies to reduce or eliminate additional interest. All except Sears, who wouldn't budge, but continued to assess huge interest. All in all, I'm quite glad I did it and I would recommend (and have recommended) this organization. I went through a multi-year program with Consumer Credit Counseling Service, billed as a “non-profit” service. They charged me $25 per month all the while I was enrolled. They got some companies to reduce or eliminate additional interest. All except Sears, who wouldn’t budge, but continued to assess huge interest.

All in all, I’m quite glad I did it and I would recommend (and have recommended) this organization.

]]> By: hoya http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3106 hoya Thu, 31 Dec 2009 03:48:15 +0000 http://bestdebteliminator.com/debtquestions/how-do-debt-counselors-make-their-money/#comment-3106 don't ask me how the economy works. don’t ask me how the economy works.

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