Credit Solutions Informative - Credit Solutions - Debt Settlement
Before agreeing to sign up with this company or any company that is offering to settle your debts, make sure you understand they can only help settle your accounts when you actually have the money to pay it off... whether it's in one lump sum or over a 3 month period. Keep in mind that you are also paying Credit Solutions a monthly fee for what they claim their service is to you. The monthly fee is determined by a certain percentage of how much you actually owe the credit card company/companies. Also, once all of the accounts are settled and paid, you then have to pay whatever you owe Credit Solutions with in a 3 month period or so time frame, not within 36 months or whatever program you agreed to. I was not told this up front. This is important information that was left out when when I agreed to use them. Even after repeating the terms I was told, their customer service person failed to tell me that and I wish I knew this because it would have made a difference for me. Did they help settle my accounts...Yes, they did. However, I still received many daily annoying, harassing and even seemed like threatening calls from the creditors... even after I explained to them I was on the program, they didn't care and continued to do so. Credit Solutions cannot stop those annoying creditors from calling all phone numbers found for you (including family/friends/current & previous employers). The creditors or 3rd party company will also mail you at all addresses found for you. Over all, if you have the money to pay off your debt, and understand by defaulting in your monthly payments that your credit score will decrease, then do it. However, if you live pay check to pay check, strongly think about it before agreeing to their terms. Hope this helps.