Questions about non-profit counseling

[idonthaveaname]

Hello,

 

I've used a service in the past that was non-profit. I paid about 50dollars a year, and send them one check, and they distributed the money to my creditors. They also lowered my interest rates. I have lots of student loans, but for professional reasons I need to get rid of about 5k of credit card debt, collections. (all accounts closed). I tried disputing the transactions as well, so we will see. Anyone know of any services in NY for credit counseling like this? Anyone have any luck disputing their transactions? Once removed can the companies still rereport? I'm not working now, and for some of the transactions what once was 500 in credit card debt is now 1700 do to late fees. The collection agencies offer to reduce it all by 40-50%. Is it better to do this or go back to the original company? Or can a non-profit help?

 

 

Any advice would be great

[radi8]

once the accounts are charged off and farmed out to collections, none of the credit counseling agencies I know of will touch them. At this point you might want to look into doing fractional settlements in exchange for deletion of the tradelines. Normally called "PFD" for Pay For Delete, search the Credit forum for info. That'd be the best place to ask questions on your situation as it's beyond putting into a DMP.

[idonthaveaname]

once the accounts are charged off and farmed out to collections, none of the credit counseling agencies I know of will touch them. At this point you might want to look into doing fractional settlements in exchange for deletion of the tradelines. Normally called "PFD" for Pay For Delete, search the Credit forum for info. That'd be the best place to ask questions on your situation as it's beyond putting into a DMP.

 

The keep telling me they will not delete it. That the original party owns the debt and I'd have to write to them, which seems like a crapshoot.