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Most credit counseling agencies do charge fees. Some offer sliding scale fees depending upon your income, others charge hourly fees which can be excessive.
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∙ 12y ago
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Can you use a credit counseling service to pay the deficiency balance in a repo in nc?
I was a Certified Credit Counselor in the state of North Carolina, and the answer to your question is no. The only accounts that a credit counseling organization will accept are revolving accounts (credit cards), payday loans, utility debts, and medical debts. Repossessions will have to be negotiated between you and the collection agency or lender that has this account.
Can you still use credit card after doing the debt counseling?
Once you are enrolled in a debt counseling program, using your credit cards is no longer an option. Credit cards are an easy way to mount up your debt situation. One of the principles in debt counseling is not incurring new debts. You cannot use your credit cards when you are undergoing debt counseling. You will also need to cancel your credit card insurance.
What credit agency does ford motor credit use when checking consumers credit?
experian
When the note about having to use credit counseling ever get removed on credit report?
for a contraction like there is there's
What credit report agency does Mercedes Benz use for credit reports?
EXPERIAN
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
What is the use of credit rating agency?
The Credit Rating Agency is a hub that gathers data from creditors and puts the data together into a single individual consumer credit report. Lenders use there reports in order to determine a borrower's credit worthiness.
What is the accounting journal entry to record audit fees?
If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c
What credit report agency does ford motor credit use to evaluate customers for a loan?
Experian
Can you use credit card for moneygram?
Yes, however there is a larger fee.
What can a credit counseling agency do for you?
A credit counseling agency will ask you how much debt you have to pay, what is your source of income, how much do you pay in rent, transportation, utilites, and food. They will also ask if you have a savings account. Most of the time, the counselors will have a debt to income ratio in which they will calculate how much you can give them rather then paying each creditor all by yourself. It has to be in writing and you are not allowed to use credit cards anymore once you signed up for a debt management plan. Be careful of using them. It has to be a non-profit and check with the Better Business bureau before signing up for one.
If you use a debt counseling service that consolidates your debt for you can you still make payments to your credit card company directly?
When you use a debt counseling service that consolidates your debt for you, you are supposed to make one monthly payment to the credit counseling company instead of paying your credit card companies individually. However, if you come into some extra money and you want to make an extra payment directly to the credit card company, you may need to do some research. Once you sign a contract with your credit counseling company you'll need to abide by the terms of that agreement. Many credit counseling companies want all payments made to your credit cards to go through them. This will mean that you will need to send the extra money to the credit counseling service rather than directly to your credit card company. Another thing to think about is if you do send the funds to the credit counseling service, you might not have any control over which credit card they apply it to. You can tell them where you would like it applied, but that doesn't necessarily mean that's where they have to apply it.
