About CCCS

If you are awash in debt, you my be thinking about declaring bankruptcy. But there is one more place to turn. Millions of people have sought help from credit counseling agencies that have helped them solve their problem. Reaching national stature is Consolidated Credit Counselors, Inc. (CCCS). The people at CCCS will ease the repayment of what you owe by working with your creditors to reduce the amount of the debt or the terms.. That could result in your returning to a life of living within your means.

History

CCCS opened its doors in 1991 and can now be found in cities throughout the U.S. CCCS provides debt management programs and credit counseling to its clientele. The company works with its clients individually to put a financial program in place that suits their condition and needs. CCCS is different in that it matches its clients with counselors who helps design a program that will eventually free them from debt.

Benefits

CCCS is especially helpful to those clients who are considering bankruptcy. CCCS will work towards putting the client on a budget and teach them how to live within their means. If the client follows the rules set by his credit counselor, eventually his credit score will begin rising.

Function

Typically, people who gravitate to CCCS have difficulty managing their debts. CCCS will work with creditors such as health insurance carriers, credit card companies and even student loan providers to reduce interest rates, lower payments and even reduce the amount owed by eliminating penalties. CCCS will also work on a client's behalf to consolidate all his debts so that a single payment will be due. The client will pay a single amount to CCCS, or its designate, who will pay creditors in accordance with what has been negotiated.

Considerations

Due to the fees charged by CCCS, you may find that you can be successful by contacting your creditors directly. The last thing any of them want is for you to declare bankruptcy because they will receive nothing from you. Instead, many of them are eager to work out an arrangement for repayment, including debt reduction, reduction of penalties and the amount owed, as well as the interest rate you are being charged.

Warning

CCCS has been targeted by hundreds of customers who have complained publicly about various aspects of its service. Since many of the complaints relate to the lack of supervision of personnel on a local basis, you are advised to check complaints filed with the Better Business Bureau for your local office.