Debt Management Non Profit
Are there any good debt management companies out there?
I’ve heard that In charge solutions is a good company. I’ve heard that they are a non-profit organization.
We have a little over five thousand dollars in credit card debt and other misc. things.
We are only making two thousand dollars a month.
Any answers will be much appreciated!
It doesn’t show up as a bankruptcy on your credit report. It shows up as consumer credit counseling either way you go, debt management or credit counseling. Either way you decide though, credit companies review them negatively. I work for a mortgage company and we require that you’ve been in them for at least a year and we show that you have a good standing payment history. Some lenders view them as bankruptcy though and require you to pay them off prior to you buying a home. If you can avoid it, I would. If you can pay them off on your own, I would find a way. Try to find a low interest credit card that you can transfer the whole balance to, like a 0% for the first 24 months and just pay, pay, pay and don’t charge anything on it just pay it off.