New Day | Credit Canada; Does going to a credit counseling service really help when in credit card debt?

When you get out of debt, you may be suprised by what you get back.

Question by Linda Lee: Does going to a credit counseling service really help when in credit card debt?
Are there better routes to go when in credit card debt rather than debt services?

Best answer:

Answer by Scott K
the counseling service does as much harm as good if you ask me, i work in lending and ccs reflects similar to a bankruptcy on your actual credit, consolidation and planning is a much more efficient way to handle credit card debt, if you own a home the equity in that home is far and away the best way to take care of credit card debt.

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Pay off debt and your mortgage in nine years; How does going onto a Debt consolidation repayment plan affect buying a house?

bit.ly Find out how you can pay off all your debt, including your mortgage without credit counseling or debt consolidation.

Question by Cpt Doug: How does going onto a Debt consolidation repayment plan affect buying a house?
We are looking at an unsecured debt repayment plan through a third party debt consolidation company. Can we buy a house while we are on that plan?

Best answer:

Answer by RanaBanana
Unlikely. Banks are being very careful who they approve for mortgages these days.

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