If i dont pay cc debts can they take my home or put liens does this happen alot?
Answers: They can place liens, but not before you go to court. They cannot take your property. They can sure wreck your credit though.
they can put liens, but they cannot "take your home" or force you to sell it.
Should I use a consumer credit counseling service to facilitate me near my credit card debt?
I am unable to create the high payments because after self late the bank are now charging me 30% interest. I hold between $15 and $20 thousand in un-secured debt and our income have plummeted due to low sales at our business. I am looking to any sign up with a consumer credit counseling service where on earth they can lower your interest rate or with the other pick which is a debt settlement company where they settle beside the creditors for a lower amount to be paid rear. I want to know which will be a lesser cynical effect on my FICO score. I hold always have excellent credit but now I want to do what is best for my credit ranking.Answers: what ever company you decide on, please shift to www.ripoffreport.com and check them out there. (the site is free to use and it is a site be consumers report problems that they have have with mixed businesses). If your potential company is on there that might be a desperate sign.
I hear that you will have to payment these services a fee so clear sure you find out upfront what that fee will be.
First rotten, know that your credit is most probably taken a negative dive already, because of your past due payments. You can go any with a credit counseling firm or a debt settlement firm, but you necessitate to be diligent, and do thorough research on the company that you will eventually use.
Debt settlement will surely destroy your credit, but if your credit have already been hit, afterwards it might be worth it to go beside a settlement firm. There will be good firms and impossible firms in any business, it is up to you to find a reputable one. Check out http://www.freedomdebtrelief.com , this place have been within business since 2002, has a tolerable rating with the BBB and is run by Stanford former students.
Don't think that credit counseling is not going to hurt you, most lenders look at credit counseling as a first step earlier bankruptcy.
You necessitate to see which program is going to help you best, depending on how long you want this to bring, how much money you can set aside, and how much of a negative credit impact you are competent to absorb (in other words, forget around your credit for the next 3 to 5 years).
Again, I can't stress this adequate, do tons of research and call around to speak to a entity and then bring a call.
Wish you adjectives the best.
How do I quickly repair bad credit?
Answers: Need more information to answer.
What kind of 'bad credit' is it?
Medical debt?
student loans?
Unpaid credit cards?
late pays?
i guess the easy answer is to pay your debts off. when contacting the companies to make pay arrangements, ask for pay for delete
You can't quickly repair bad credit. It takes time. You can increase your score by paying off credit cards. Carrying balances of more than 30% hurts your score.
You can negotiate settlements to include delete for payment of you old debt. But if the creditor won't remove the item, it won't increase your score. However, paid old debt looks better than unpaid old debt.
You will need at least 24 months of consistent, on time payment history to see any real improvement in your credit score. You acquire good credit over time.
Here is a great resource for credit repair that teaches you how to do it for yourself and shows you what the credit repair companies don't want you to learn.
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http://www.creditrepairprofits.com
If you are talking about days, it won't work, you need to work on your credit, talk to an expert about it.