Technically speaking there is no "Contract", its more of an agreement. I believe they may have gone under and sold their accounts to "American Debt Counseling, Inc." but from what I've read they have the same ripoff practices. The way to break your contract is simply fax them a written request to stop your automatic payments.

You want to make sure that you check with the BBB to see if they are a legite company. I would recommend calling a company that I trust, and have worked for in the past called, "Alliance Credit Counseling, Inc'. Their phone number is 704-341-1010. They are a non-profit organization that can help, and assist you by enrolling you in a "Debt Management Program". These type of companies have contracts with certain creditors, and debtors; which allows you to pay your debt in a few years or less with as little as 5% interest, or as low as 0%. If you are left with this option, then this is a great way to get out of debt in a short period of time.

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== == You can probably still get credit cards if you are enrolled in a debt management program. However, doing so can jeopardize the benefits that you already have with your existing creditors. Your interest rates and minimum payments could go up substantially if they drop you from the program.

If you are enrolled in a debt management program, you have agreed not to open new credit card accounts until you complete the program. Remember, this is what got you in trouble in the first place, so it is best to be careful when applying for new credit when you have had problems in the past.

Consumers who want to substantially reduce their debt should consider their options before contacting consumer credit counseling services. Companies specializing in debt counseling may be working on behalf of the creditors (your credit card companies, etc.). While they may offer you terms that appear attractive, remember that debt counselors may not have your best interests in mind when designing a payoff program.

No! Family Credit Counceling Corporation is a rip off scam company. Please see lawsuit

http://www.hrsclaimsadministration.com/cases/bak/?vh=1

Please also check rip off website. You will see hundreds of complains.

My bankruptcy clients have seen prices ranging from $30-$50. You should check with the local United States Trustee's office for a list of credit counseling agency that are approved in your judicial district.

If really serious, you would learn an enourmous amount of info as to how collection agencies work by working for one as a debt collector. If not, first step would be to talk to an Attorney; you would probaly have to retain one in some manner anyway. Look at your states regs. Looking into the licence requirements will give you a start. I would assume you will have to be bonded and have a net worth of x amount of dollars. Collection agencies work in that manner. Basically, fifty states means fifty different laws and regs. to be abreast on. That means training for employees and employees who are capable of dealing with people who are not happy; must be thick-skinned.

I dropped out of consumer credit counseling years ago, and it was not a good experience. The credit cards that I had would not re-open my accounts and my credit report had a negative comment regarding "Consumer Credit Counselors", which is a red flag to any creditor that you needed assistance with maintaining your finances. Also, depending upon who your creditors are they will cancel the arrangements made with consumer credit counselors and go back to the original terms and agreement of your contract, along with any previous balances you had already occurred prior to signing up with a counseling service. My suggestion is if you start counseling, finish counseling.

It is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget.

== == == == * A debt consolidation loan is a loan you get to pay off multiple loans or lines of credit. Debt consolidation loans are useful when you have varying amounts of debt on varying items (car loan, credit cards, medical bills, etc.). The idea is to get a loan at a fixed and low interest rate to pay off your varying debts. It typically lessens the total amount of money you end up paying. Credit counseling, also known as as debt management plan is another solution to handle debt that is spiraling out of control. Reputable credit counselors actually offer a wide range of solutions based on your specific situation. They'll review your finances, advise you about budgeting, and devise a program to help you get out of debt. * When a lender loans money to payoff all your credit cards and other debt, you have one monthly bill which is paid the lender. Often these loans do not have a lower APR and can be as high as APR(Annual Percentage Rate)'s of 24 percent. Even if you do get a decent APR you are still in debt. The big mistake is people give up secured debt for unsecured debt. Most Debt Consolidation Loans are given in the form of home equity loans which means if you do not pay you lose your home. * A second way that credit counseling can be a "good" term is to actually mean counseling. Many credit reduction companies and private financial institutions offer credit counseling as a type of financial planning. Counseling can help figure out how much debt is owed and how to control debt in the future.

If seeking simply the credit counseling requirement needed to file for bankruptcy, some sites online offer the service for as little as $5. Yet professional and sincere credit help may cost you nothing. If an individual truly wants help reducing his or her debt, very many credit counseling firms are non-profit and offer such a service for free.

If I had a problem with my finances I'd start out first by sorting through all my business papers and write down on one side of the paper everyone I owe and the amounts.

Then gather your information for income the money that comes in each month.

List all this information on another side of the paper. Total it to show what you have coming in so you know the starting point.

Now add all your expenses everything that is due now or later but money you must pay out each month. Total this and post it on your paper. Hopefully the income is a larger amount than the expenses. If not you have to adjust something to make it work.

You have the beginning to examine your finances. It's just the start but a start!

Look in your phone book and make an appointment with your bank they have people who specialize in helping people organize and if necessary make a loan that pays off your bills. Then you pay the bank back plus interest and you clear the bills.

The main thing now is NO MORE CREDIT CARDS so all you owe is the bank until you pay off the loan. Everyone must use a budget...a list of what you can spend and what you owe so you do not get into financial trouble.

It is not just the finances that it affects it affects your health and stresses you out. The quicker you get your business in order you will find out you can get by with less spending and do things at home that cuts down on your expenses. We see things on TV that makes us want many things but we must be strong and do without until we have the money to buy it. One last thing check with your Credit Bureau to see your credit rating. It's good to know how you stand with the people you do business with they grade you by how timely you pay your bills.

The CCCS of Greater Dallas offers a wide variety of help and counseling for financiers in rough situations, such as bankruptcy and debt holes. The services offered includes financial counseling, bankruptcy services, credit report reviews, debt management plans, housing counseling, and more.

Christian Debt or Credit Counseling is provided by such companies as Christian Credit Counselors, Family Life Credit, Family Life Resources, and Christian Credit Counsel.

"No, most reputable credit counselors do not charge a fee. Instead they look at your debts, monthly payments, and income and help you make a budget that will allow you to get back on you feet."

American Consumer Credit Counseling (ACCC) is one of the nation's most trustworthy charitable credit directing organizations. Since 1991, we have been committed to helping people and families assume responsibility for their funds and make an arrangement to escape obligation. debt redemption.

Consumer credit counseling is a process which should educate consumers about how to avoid incurring debts they cannot afford and helps establish a method of debt relief, usually by negotiating with creditors to establish a debt management plan for a consumer which helps him repay his or her debt at reduced payments fees and interest rates. Credit counselors receive their fee from the creditors for their services. Consumers should educate themselves to all possible options and counselors should help them do that. You should choose a counseling service that offers a full range of services and one that has wide range of informational material you can search through on your own. Your initial consultation should be free and you should not feel pressured as if you were talking to a salesman.

If you think you need bankruptcy advice, get it immediately. Free guides to Chapter 7 and Chapter 11 bankruptcy are widely available online. The average person filing for bankruptcy is $25,000 to $30,000 in debt. Get advice if your debt is less than this, there may be other ways to manage your debt. Bankruptcy stays on your credit for 10 years and should be considered when there are no other options that make sense for you. The Bankruptcy Abuse Prevention and consumer Protection Act of 2005 made it a requirement for consumer debtors filing for Bankruptcy in the United States to complete a program with an approved non-profit budget and credit counseling agency during the 180-day period preceding the filing of bankruptcy. A good counselor should help you take a look at your assets. What do you have that you can live without? You might consider borrowing money from a pension fund if you have one. Usually you can borrow up to 50% at very low interest rates. Do you have valuables you can do without? Pulling together as much money as you can, may allow you to make lump sum payments on your credit cards. Sell the second car, big screen TV, and old clothing. Consider getting a temporary second job.

If you are falling behind on your mortgage, do not wait for help and advice. One of the best places to educate yourself and find help is at the U.S. Department of Housing and Urban Development (HUD) website. You can find a HUD approved counseling agency and should do so immediately when you are one payment behind. If you are having problems paying off your student loan there is help available. A federal program can limit monthly payments of federal student loans to 15% or your income. There are many resources for both federal and non-federal student loan help available. You can also ask your lender for a hardship forebearance (this can be up to 3 years), or a deferment for unemployed if you have lost a job. This will also suspend your payments for time periods of up to 3 years, thus allowing you to use the would-be student loan payment funds to pay off high interest credit cars or loans.