Consumer Credit Services


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Consumer Credit Services

Call: 1-877-269-7923

I was laid off from my job almost two years ago, and didn’t have much luck finding anything else in my field until recently. Before this, I had to take on low-paying retail work just to have some cash flowing in, but those paychecks were never enough to cover all my bills even though I scaled back on as many extras as I could.

After living that long without cable, internet, nights out on the town, going to movies at the theater, and eating at restaurants, I still managed to deplete my savings and rack up thousands of dollars in credit card bills. Now that I’ve got a better salary, I checked out various debt relief programs to get my finances in order. Here’s what I learned.

Veracity Credit Repair By Paralegal Professionals

There are a lot of Consumer Credit Services out there that can help people in my situation pay off their bills and start repairing their credit rating. One of the most popular approaches is consolidation, in which a private company issues you a loan to pay off all your high-interest credit card balances.

Then instead of sending checks to a bunch of different places every month, you simply make a single payment to the consolidation firm, often the Consumer Credit Service Company. While this type of loan might carry a higher interest rate than a bank would charge, it’s still much lower than the typical 19 percent that credit card companies throw at you.

Furthermore, the qualifications for a loan from these Consumer Credit Service companies are not nearly as strict as a bank, so this is an option worth considering. However you must beware of agencies like this who require large up front fees as scams in this area abound.


Then instead of sending checks to a bunch of different places every month, you simply make a single payment to the consolidation firm, often the Consumer Credit Service Company. While this type of loan might carry a higher interest rate than a bank would charge, it’s still much lower than the typical 19 percent that credit card companies throw at you. Furthermore, the qualifications for a loan from these Consumer Credit Service companies are not nearly as strict as a bank, so this is an option worth considering. However you must beware of agencies like this who require large up front fees as scams in this area abound.

Some Consumer Credit Services offer to help consumers reach settlements with their creditors. Usually this involves a diligent campaign aimed at finally negotiating payments on a reduced loan balance. It is crucial the creditor agree to delete the mark on your report when payment is received. Doing this yourself can be a grinding, frustrating and losing proposition as you try to reach some middle ground between what you owe and what you can actually afford to pay. Some creditors might be happy accepting 70 cents on the dollar, while others could go even lower than that.

The catch is that you’d have to pay the agreed-upon amount immediately, so obviously this type of program won’t work unless you have enough money to cover the final settlement. Still, the opportunity to pay off your bills at a reduced amount makes this one of the most popular debt relief programs out there.

If all other alternatives fail, then bankruptcy might be the only road to take. This is a drastic step, however, and should not be considered until all other avenues have been exhausted. Bankruptcy is different from other debt relief programs because it wipes out your bills in one fell swoop. But there is a major drawback: your credit rating will be affected for the next 10 years, greatly limiting your ability to buy a home or car, start a business, or get a loan.

After digesting all this information about debt relief programs, I’ve decided that consolidation is probably my best choice. Now all I have to do is find a Consumer Credit Service to handle the process, Lexington Law is one of the best in the business and I have finally started digging myself out of this financial hole!

They can help you too. Call 1-877-269-7923 for an honest no hassle consultation right now.