#AMERICAN CONSUMER CREDIT COUNSELING HOW TO#

However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.

BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. They also offer counseling to help avoid building credit card debt again.BBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. All payments must go through ACCC and then they disperse the payments to your banks from there. Another requirement is that you cannot miss or be late on any payments otherwise you will lose the special financing with the banks. You don't have to negotiate all of your cards if you don't want to. After a couple days, they had reached out to my credit card lenders and negotiated a payment plan with most of interest rate on the cards now ranging from 0-2% but the caveat was that I had to close out all of my cards (which was fine with me).Īt the end, the only thing they charged was a 5$ fee per card per month for the length of the payment plan. They went through and explained the process of how they are going to reach out to the credit card companies to try and setup a plan to get the debt paid off. I basically spent over an hour on the phone with them. I had very little income since I was still in school so I reached out to them for some help. I made some bad credit card choices when I was in college and managed to rack up a 15k credit card debt. I'm currently using ACCC about to make my last payment in a couple months. Are they legit? Did they help you bring your debt down in the timeframe they described? Did it damage your credit at all? Thanks. I'd like to hear from actual people who've used either.

They weren't pushy at all, just emailed me my options and haven't called me since. I also spoke to Liberty 1 Financial, their options were better, although by better I mean they said they could cut my debt in half at zero interest, which seemed too good to be true. Only thing I didn't like about my experience with them was that I called to ask questions and without me realizing they were already ready to send me paperwork to sign, when I just wanted to understand my options. They have good reviews and have been mostly straightforward so far. I came across American Consumer Credit Counseling.

I was declined and only given a month of deferral to pay. I already tried negotiating with the lender themselves for a lower interest rate for the accounts with the highest interest. My highest interest rate on a credit card is at 16.35%, I have 4 different lenders and 5 different accounts. I'm trying to pay down my debt efficiently and as much as possible. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit.

#AMERICAN CONSUMER CREDIT COUNSELING HOW TO#

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American consumer credit counseling