CCCS Debt Management Solution - Credit Card Debt Reduction planDumping Old Debts ~How Can Credit Counseling Help You? "cccs consumer credit counseling service is reputable...but beware of scammers .. "
There is no shortage of credit counseling companies offering to help you lower or wipe out your debt. Jessica Cecere with Consumer Credit Counseling says that her agency works with clients to greatly reduce interest rates on consumer debt – and sometimes wiping out the interest rate altogether. What is a CCCS debt management solution? The role of a credit counselor is to serve as a mediator between you and your creditor(s). The goal of credit counseling is to devise a plan by which you can repay your debts in full. There are two types of plans: · To pay over time: This plan will involve paying your debt off over the long term – usually 5 years or less. You pay a fee for this service as part of your monthly debt payment. It adds $10 to $50 per month onto your payment. · To pay in a lump sum: This plan is called Debt Settlement. With this plan, your creditor agrees to settle your debt for a reduced amount. You pay a single large payment, and the creditor calls the debt paid in full. The unpaid balance is forgiven. The fee for this type of plan varies, but fees start at about $200. There are legitimate counseling services in the market, but scammers are out there too. It is not always easy to spot a scammer, so proceed with caution.
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