I am looking for a non profit debt management co. to handle 3 debts that wont deal with me.?
I have agreements worked out with chase, boa, cit, but hsbc and hfc will ot work with me, Many debt co. want to take care of all debt, but don;t want to pay a fee on things I have worked out myself
If they won’t with you, they will not work with any debt management company. They want their money. All their money.
If your creditors won’t deal with you, then they are not going to deal with any “debt management” companies either. A debt management company cannot do anything that you cannot do for yourself. A creditor has no legal obligation to work with debt management companies. Most so-called debt management companies are scams that take your money without doing anything for you except ruining your credit.
You do not need a debt management company. You can continue to do this on your own. Your credit is already damaged and a debt management company would only hurt it more and charge you for it. Just take your time with HSBC and HFC, if they call tell them what you can do and if they won’t accept tell them you will call back next month, most likely with the same offer. Make sure to get all your aggreement in writing and do not let any of them have electronic access to your checking account.
Be patient, the worst thing HSBC and HFC can do is sue you. Like I said your credit is already damaged and what is a judge gonna say when you tell them you offer this payment plan and they wouldn’t accept. You tried and they are prolly not gonna sue anyway because it will not be worth their while for at least 1-2 years yet.