How does Credit Solutions differ from Consumer Credit Counseling Services (CCCS)?
We work for you not the creditors. We legally, ethically and morally reduce your current balances by up to 70% CCCS companies DO NOT reduce any of the debt you owe, We give you an effective 0% interest rate CCC companies only reduce your interest rate if the creditor lets them and rather sells you on the concept of combining your total monthly payments into one payment – often times higher than your regular monthly minimums. For most people seeking debt assistance, immediate monthly cash relief (a lower monthly payment) is what they need. CCCS doesnt necessarily provide monthly relief, and as consumers soon find out, the new payment has a relatively minute impact on the total outstanding balances. Hence, the 4-6 year plan they were originally told turns out to be much longer. Your credit report will indicate that you are enrolled in a CCCS program, which is considered a major infraction. Our Program is confidential we are not required to report anything to the credit reporting agencies
