Jack asked in Business & FinanceCredit · 4 weeks ago

What happens during a credit counseling session? Can any body?

2 Answers

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  • Anonymous
    4 weeks ago

    They offer you a consumer settlement. If you want to look out for your own interests, you might want to consider bankruptcy instead. Remember that the people offering you the settlement are making money from the POA you give them, even as your creditors get some of their money back. The people who negotiate POAs get their money upfront from debtors. Therefore the people offering settlements by way of POA are leeches in the system. 

    Therefore, you need to figure things out if a consumer settlement or bankruptcy is the best thing for you. 

  • Anonymous
    4 weeks ago

    They tell you to STOP spending. Then you leave in tears because you wanted free money from the sky.

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