Wed, April 04, 2001
This email is a rebuttal to RipOff #3055.
It was sent by Tom Shauger at [email protected]
Consumer Credit Counseling Services (CCCS) (#3055)
They filed the following rebuttal to the above Rip-Off Report:
Their email: [email protected]
Their name: Tom Shauger
Their phone number: @[email protected]
Their relationship to the company: Devotee
On a credit report a CCCS plan shows the same as a Bankruptcy except for the actual public record, Even if all debts are paid. It shows as "PAID NOT AS AGREED" since CCCS reduces the interest rates. While these records are removed after 7 years (You may have to tell the credit bureaus to do so) a bankruptcy remains for 10 years.
Several years I too went down a road to fiscal insolvency and after consulting with CCCS decided to file a Chapter 7 on recommendation from my attorney.
The first two years after discharge no creditor wants to know you unless they charge exorbitant fees, beyond that it is just like being 18 again without any credit.