Companies were established back

At this point, the judgment will appear on your credit report and can stay there for up to 7 years (and sometimes longer) this will affect your ability to obtain future credit and if you have property, a lien can be put on the property.

This will not take away negative notations on your credit report, but will reestablish a good payment history and raise your score, as well as show potential lenders that you are a reliable debtor. These types of organizations are now going under many names from Consumer Credit Counseling, debt Consolidation, debt management or make only one payment companies. Consumer Credit Counseling companies were established back in the early 80’s when consumer credit counseling san antonio companies started to notice that many people were having problems making their minimum payments and were starting to default on their debt.
Acting as separate organizations from the creditors, they were able to put on a friendly free best national consumer credit counseling information face and claim they were established to help the consumer. Since then, many types of Consumer Credit Counseling organizations have sprung up. Besides the nonprofit or not-for-profit consumer credit counciling service there are Consumer Credit Counseling companies that go by the name of “Such and Such Consolidation Company” because of the bad reputation of some Consumer Credit Counseling companies. This can be a little misleading because these companies do not make consolidation loans.
There are still other consumer counseling credit online service companies out there that claim to lower your payments by negotiating down the interest rates and payments on your behalf. While we can’t speak for every company out there that advertises this way, this is usually a gimmick. These companies are still a variety of national consumer credit counseling service and as such already have pre-established interest rates that individual creditors will allow. As stated earlier, these Consumer Credit Counseling organizations basically work for the creditors, not you - just like a collection company. In addition to what the creditors pay the Consumer Credit Counseling company, they charge you a monthly service fee for dispersing your money to your creditors. Until recently these companies were paid a commission of around 12% to 15% by the creditors for recovering the debt for them. That means for every dollar you give to them, the creditor was giving 15 cents back to the Consumer Credit Counseling company.
Some of them could not make the consumer’s payments to the creditors on time or, in rare cases, at all. Consumers started seeing late charges accumulate, and in the worst-case scenarios payments were either far less than what was agreed to or some payments were missed altogether. A consumer credit counseling service of sacramento organization works by looking at your income, all of your regular expenses and your debts. Then, they let you know what they think they can do for you or if they can accept you.