1st question: Honest answer? Yes and No!
Yes, they can help you negotiate lower payments to your original creditors, and you will be able to make one monthly payment to the credit counseling service rather than many payments to all your creditors.
However, should you miss a payment or pay less than the minimum amount due to your original creditor, the creditor has the right to report you to the credit reporting agencies for making late or insufficient payments.
2nd question: Yes, we definitely are different. The credit counseling companies are in business (mostly so called “non-profit”) to take your money, negotiate with your creditors (only the ones that will pay them a negotiating fee) a lower monthly payment and possibly a lower interest rate and will receive a kick-back, a negotiating fee for doing it.
We will teach you how to do that for FREE. We are a non-biased 3rd party that has YOUR best interests at heart, not the creditors or bill collectors. We work for you – not them! We give you all of your options and help you decide what is best for you and your situation! Most importantly, the credit counselors do not clean up your credit reports or raise your credit scores. We can help you!!!
Requirements for credit sweep processing
Required for credit sweep processing: 1. login for identityiq login 2. docs: copies of ID, SSN, proof of address 3. Sign up form found here Discounted IdentityIQ credit monitoring: Click HERE or paste into your browser: ...
I have a couple of credit cards that are usually maxed to their limits. Is this hurting my credit scores?
Yes! You should always keep your balances at least 50% below the limit. If at all possible, try even lower than 35% below the limit. Having credit cards can improve your credit scores—if you do not abuse them and if you have no more than one to ...
What happens at the end of the credit sweep?
While other companies leave you hanging at the end of their service, we provide a personalized plan that will allow for you to have the next 3 months planned out for your credit life. We will give you the tools to obtain credit for yourself to boost ...
With the interest rates being the lowest they have been in several years, can I refinance my home with bad credit?
Yes, there are companies who will give you a mortgage loan if you have less than perfect credit, but you can expect to pay higher interest rates, which will make your monthly payments higher. It is much better to clean up your credit reports so that ...
Is credit repair legal?
Yes, our credit repair method is 100% legal. We use the dispute letter method, which is the only legal method out there. We do not have a "contact" at one of the bureaus, and anyone that states they do is ripping you off. Everything that we do, you ...