debt counseling corporation

Using credit card?

My husband and I have about $ 6000 of credit card debt now scattered in four credit cards. Last year, he joined a credit counseling organization, Family Credit Counseling Corporation (FCCC). We pay $ 324 per month, $ 35 is for them, and the rest of our creditors. Ultimately, we are entitled to a refund of $ 300 each to participate. Our creditors have agreed to close down all our cards. At the rate we're going, we have paid our debt in 20 months. We now have the option to redeem all the debt over time, however. FCCC says the only sanction we have is we will not receive a refund of $ 300 of them. Yo I have no fear, but what I wonder is if you pay the entire debt at the time, our credit rating will be good next year at this time. We are thinking of buying a house and could use some advice! Thanks.

Well …. When you go through a service credit for what they do is collect your money for months and leave your credit cards once they are suffering continue to accumulate the money they send to use a bargaining tool to negotiate with the credit card company (you may save 35.00 a month and you) Then all accounts closed at that time show Crime important your credit is beaten. The best so do not use these organizations, which do you no good. Answer your question yes you pay one year and your credit will not be so bad that now makes sure to pay everything on time and at least 20% of your balance from now.