Counseling Debt Reduction
Debt Counseling Guide
As You Explore This Site, You'll Discover...
-
Beware: 7 Debt Consolidation Mistakes You Must Avoid
-
Hot: How To Find Free Debt Consolidation Services
-
Can You Consolidate Without Damaging Your Credit Score?
-
Revealed: Which Is Better--Consolidation Or Bankruptcy?
Remember... If You Are Looking For Quality Information Related To Debt Consolidation, Add This Site To Your Favorites Right Now, As We Update It Daily With The Latest News And Information Related To Debt Consolidation And Similar Topics. Enjoy The Site.
Site search
Featured Products
Pages
Categories
- Consumer Debt Consolidation
- Debt Consolidation Loans
- Debt Consolidation Programs
- Debt Counseling
- Debt Reduction
- Uncategorized
Archives
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
Polls
Loading ...
Harold S posted: 13 Sep at 2:06 am
There are two ways for them to make money. One is that they charge you a service fee which is included in your payment.
second is a rebate from the credit card companies based on their collections of money from you.
PFS rep posted: 15 Sep at 9:33 pm
Usually they are paid by the creditors and debtors both. The creditors are happy to pay a fee to someone who will get their money for them rather than take a loss. The debtors are happy to reduce payments and get a structured program to repay several debts into one managable payment.
Everyone is happy with the arrangement. The relief companies are acting a middle men, getting profit they create themselves.
The key with this is that anyone can negotiate with creditors. They can do it themselves and avoid the fees, whether hidden or known. If they do this then they can apply the ‘fee’ money to the payments and possibly end up ahead of the game.
Good luck
Teri posted: 18 Sep at 8:15 am
Most of them charge a monthly fee. I don’t think that they are worth it at all and people could use that monthly fee to send it to their credit card companies themselves.