CCCS will show on your credit report as a third party service; any form of loan that has manual underwriting will look at it and treat it as a Chapter 13 BK. Only way to get a mortgage with a Chp. 13 BK or CCCS on your report is to find an lender that offers BK buyouts. This will generally only be with sub-prime lenders, and usually only offered with a 2/28 ARM product (from my experience).
Debt Settlement/Negotiation companies don't show up on your credit report as a third party service. They do however, hurt your credit score a little more then CCCS.
Both have benefits and drawbacks, atleast once per day I speak to a client that I refer to a CCCS agency because our program wouldn't benefit them. _________________ Michael Casper
Senior Debt Advisor
Thu Apr 11, 2013 5:58 pm
I would say paying off the debt might raise you 20 pontis depending upon how many credit cards it is spread over. You could get into the 700s within 60 days with one of those tradeline programs. The source website is a link showing that it is still a viable option NOT affected by FICO 08. My brother used by calling their toll free number and got a 80 point jump in 45 days. Good luck.
Sun Apr 14, 2013 4:28 pm
I have a dispute in aisangt Tax Credits who say I was overpaid by a35000 through their stupidity (they put that my household income had changed, rather than MY income like I told them). What are my chances of succeeding and how are they likely to look into this?
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.