Posted: Tue Sep 02, 2008 10:32 am Post subject: CAN A DEBT MANAGEMENT COMPANY IMPROVE MY CREDIT SCORE
The past few months I got behind with my credit cards 30-60days late and one charge off with a collection co. I joined a creidt counseling company. If I make payments on time for will improve my credit score. If I had to do all again I would of called the credit card company and worked with them because as I have found out they will work with you. Just trying to get the best plan to improve my credit score. Everything else has been paid on time, mortgage i.e.
I think if you pay off the debts on time, it will help improve your score. If your creditors are willing to negotiate with you, there's no need to enroll for a debt management program and seek credit counseling service. But the point is, will you be able to negotiate so that they allow you to pay according to what you can afford? This is important and here's where credit counselors at the debt management companies help you. So, it depends upon whether you can negotiate entirely on your own or you want someone else to negotiate on your behalf. _________________ Procrastination is the enemy of your financial sucess
I would recommend that you negotiate with your creditors DIRECTLY.
There are a lot of credit counseling companies that don't make your payments on time, and YOU will be the one getting hurt.
I agree with Banker.
There are so many credit counseling services that don't make payments to the creditors on time. And just because you are in credit conseling doesn't mean your creditor will agree to the terms and stop reporting you late.
Creditors want to get paid and they might be willing to negotiate with you the terms _________________ Elnora Little
Sunshine Mortgage Corporation
Shining a Light on mortgage lending!
Equal Housing Opportunity Lender
(800) 430-2678
It is always better to set up a payment plan directly with your credit card companies. If you want to know when your payment is being applied call your creditor directly and ask. Ask when your last payment was received and when it was applied.
Always read the terms of any contract you sign because the answers to the questions you have now were probably in that long affair with the 5 point font. _________________ TU 665 EQ 587 EX 607 10-14
TU 647 EQ 586 EX 618 10-08
TU 627 EQ 565 EX 606 9-08
TU 574 EQ 513 EX 537 2-08
It's always hardest before the summit.
drillboy1
