Does anyone has any idea about “Credit Card Debt Elimination” programs? Do they really work or are they shams?
I do not mean Debt settlement; I meant Debt elimination. I saw some websites mentioning something like UCC1 to turn from Debtor to creditor(????). Looked very promising.
They charge you for the service.
I used a credit consolidation company a few years ago and it worked well. They only charged me a fee of like $30 and they lowered the percentage rates on my credit cards so I could pay it off faster. It took about a year to complete the program, but it was worth it.
Some of those companies could be scams, but some are not. Do research on them – check them out at the Better Business Bureau (http://welcome.bbb.org/ ) or ask around to see if anyone can reccommend a company to you.
Good luck!
Be careful … alot are scams. They want thousands of dollars up front and get you into a monthly contract of you paying them fees.
do you mean debt settlement, these companies work well when you select a good one in most cases they will eliminate your debt up to 70%, here is a great site they will give you a free analysis on your debt.
http://www.creditservicesolutions.com/
Debt elimination means paying off your debts. Sometimes, reduced amounts can be negotiated.
There’s a good article at eHow on steps to take to begin tackling your debt. Take a look at it:
http://www.ehow.com/how_2326032_avoid-escalating-debt.html
How to Stop Escalating Debt
It includes information on companies that can help you with debt consolidation and reduction.
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-internet.html
How to make money on the internet, scam-free
Lastly, here’s an interesting alternative to conventional lending…getting a “social networking” loan from Virgin Money (from the same folks who run Virgin Airlines):
http://www.ehow.com/how_2310995_student-loan-through-virgin-money.html
Social Loans from Virgin Money
Hope these help.
As per my understanding Credit Card Debt Elimination mean paying off your debts and get your debts eliminated. And whether they are scam or not, depends upon the company you choose. Before choosing the company you can see whether it is registered with BBB or not.
Here is the debt consolidation company named http://ezconsolidation.com for your reference.
Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://lnkurl.com/25