6129 SW 63rd St, Des Moines, IA | Directions 5032141.528788 -93.702494
Mon-Fri 8:30am-5:30pm ; Sat Closed ; Sun Closed
Bad Credit for 7 Years – My husband consolidated to make one payment a month vs 4...he could have made the payments, just thought would be easier to just make one. He did not know till two years later when we purchased a new car that consalidated will hurt his credit for 7 years after he finishes his term! We were able to get the loan but as aftected us being able to re-finance on our home.
I wish they would have explained this to him as he would have just kept making payments had he known. We have heard this same complaint from many others so its time these places make it clear what this will do to your credit!! Even if you get out of the consolidation!
OK If you are drowing and missing payments – CCD was a good way for me to get back on my feet after missing lots of credit card payments and having two collection agencies after me. The only thing is that once I was able to manage my payments on my own, I still had to follow through with the agency so that my interest wouldn't go up and also because my accounts were already closed and they credit card company's would not reopen them, so there was no reason not to stick with the program. I wish I would have known that ahead of time because I would have kept at least a couple cards off the program and managed them myself. I have managed to pay off a few of my accounts and only have about $1800 in credit card debt to go before I am free of credit card debt. My credit score (FICO) was 685 when I first started missing payments and before I was on the program, while on the program my credit score dropped to 485 in the beggining due to me missing payments for three months on most cards, and it is now back up to 628 after a little over two years on the program and all my lates have gone off my 24 month window, but are still going to be there for another 5 years. This program doesn't really help you repair your credit, it is just a way to get out of debt and maybe learn some money managing skills. You also need to have stable employment while on this plan because you have to pay every month. While your payments will drop as you pay off your accounts, it takes a long time to pay accounts off - over a year before I paid off my first account. Once you pay off one, it gets easier to pay off another as long as you keep your monthly payment amounts the same. They do cut up all your credit cards in front of you when you join and it's a bit embarassing, but their counselors do this for a living so whatever! Overall, I am glad I went on the program, but it did teach me a hard lesson never to get into credit card debt again. Only reason I was is because I paid my way through college on loans and credit cards because my family could not help me pay. Too bad for me!
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