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| Credit Answers > Debt Solutions > Credit Counseling |
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Why Should I Avoid Credit Counseling?
CCC organizations are usually designated as non-profits by the IRS, although many of these firms recently lost that status because the IRS felt that they had "for profit" motives. These organizations
combine your payments to one monthly payment, where you pay back all of the principal, some interest and some fees. Many CCC organizations receive funding from creditors as
well as payment from their clients.
Many times these programs are generally drawn out over four to six years and fewer than one out of four actually complete the program. Many times these payments are higher than
the original credit card payments and this program can have a non-flattering effect on your credit.
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For a free consultation call 1-800-297-6417 or start by filling in the form below and one of our specialists will contact you. We are here to help you 24 hours a day.
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