Credit Repair Counseling
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I’m looking for recommendations for a reliable credit repair counseling service. I’m planning on purchasing a home, but I can’t get approved with my current credit.
Only reliable credit repair counseling is the NFCC
The ONLY reliable credit repair counseling service I dare to recommend is the non-profit National Foundation for Credit Counseling (NFCC). Try finding a member at http://nfcc.org. They were formerly known as Consumer Credit Counseling Service (CCCS).
From what I’ve been hearing – they’re doing a pretty good job, and can certainly help with overwhelming debts that have not yet defaulted. They cannot help however with any credit cards debts that has already defaulted.
They put you on a Debt Management Program (DMB) for a nominal fee of $40 per month (only if you can afford it. Otherwise it’s free).
While in the program, your credit reports will show “in debt management program“. This might disqualify you from getting a mortgage. Your Fico score however will not be effected by this (See Factors Excluded from the Fico Score). When you complete the program, that remark will be removed and you would be eligible once again.
Take advantage of the time you have and get yourself educated on home purchasing, if you don’t want to find yourself facing foreclosure. There are many books on the subject. Try your public library for a free one.
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