Non-Profit Debt Consolidation Companies
We would like to caution you against using these companies. Many of them, though they say they are non-profit can still find ways to make money off of their customers. A couple of good examples:
There used to be a non-profit company called Genus who funneled $74 million dollars or so of [...]
If you are dealing with a collection account, you want a complete removal (a deletion) from your credit report, however, NOT a “Paid As Agreed”. Any notation on your credit report from a collection agency is considered negative, so even if the listing read, “this person has the best paying record we’ve ever seen”, it [...]
Payment plans
Keep in mind that most collection agencies will insist on payment in full. They will negotiate a payment plan if that’s the best they think can get, but it’s not to your advantage. Usually you can pay on it forever and never make it disappear. This is because the collection agency will keep [...]
Never contact a collection agency by phone. Never! Collection agents are not trained to settle with you, they are paid to collect money, and they will say anything to get you to pay. You are opening yourself up to possible abuse, which though it is illegal, is extremely common. If you say the wrong thing [...]
