Do companies approaching "consumer credit counseling" places really work? do they really fix your credit?

If they claim to 'fix' your credit, they are not legitimate. If the negotiate a cut in debt/interest, they may deliver, but you credit will show 'settled for less than full amount'. (I not sure of exact wording.) If they hold out to help with budgeting and guide you to manage your money, its probably worthwhile. Note: this last category does not accord with creditors and will not show on your credit report.

Well, in a way they will by trying to agree beside your creditors on time. But being within trouble in the first place is a bad spot on your text. So it will help, but not that much.

As far as fixing it "like it never happend" - sorry - it doesn't work that course. Beware!

You fix your own credit.Yes, CCCS can and do help family. they negotiate payments and lower interest rates with all your creditors and you discharge them one payment faithfully respectively month and your debt will eventually go away.. Make sure you go thru a non-profit CCCS agency similar to Genius Credit Management... You can find them via toll free operator and it is a solution.

Going through a consumer counseling service does not look great on a credit report. The thing is, they reduce by the monthly fee from your account; so the creditors will return with their money. Showing that payments are being made to your creditors, regularly, is always moral. This also depends on how bad your credit is.
If you stick to one, you will see your debt drop drastically, which is great. However you go just about it, just pay the debt, and don not directory for bankruptcy.

Answer:
Most of the other answerers are very good. But to incorporate: If you do decide that you want to hire a consumer credit counselor a.k.a. debt consolidator, I did some research on the web to see if here were any unbiased ratings, comparisons or reviews. I did find one here: http://www.lendersrated.com/index.htm...

I hope this help.
Leafgreen

I'm sorry - I used to work for a 'CCC' firm that used those first 3 C's but I do NOT recommend using any of these type of agencies. There were times that payments did not get posted, which made the clients non-attendance and they continued to get harassed by the creditors. It does crop up. Sometimes it does work for people - but not really. I saw that the only approach to make a difference in your payments is to payment it off yourself. Negotiate with the creditors and see if you can return with a lower rate yourself. If not- transfer your debt to credit that has 0% interest so you can recompense it off faster.

Be extremely careful of CCC companies.
Thoroughly check out any company that you may use.
Many people enjoy found that they are worse off then beforehand they used one of those companies.

You might check out the site I've listed and do some reading. Learn how to repair your credit yourself.

Just be careful, because these companies will settle your bills when they want to, and if they pay later than your due date, you will hold late payments show up on your credit report!

There is never a magic "fix" for your credit. Consumer credit counseling agencies aid you get back on track next to your bills through lower payments and reduced interest.

Through a debt management plan, you can improve your credit win gradually as your debt balances are reduced. Your credit counselor should discuss how it works as powerfully as provide realistic expectations of what help they can provide.

You can usually find a reputable credit counseling agency within most local areas. Feel free to find a local service through the directory.

They don't fix your credit, but they help you find back on the right track with consolidation and lessons. They are the number one recommended in the United States and most creditors will work with them.