Re: Finances -

[Guest guest]

>

> , I don't know if you are aware of this or not. When you use a

credit counseling service, it goes on your credit record, and

creditors will look at it just like a bankruptcy. My DH and I tried

credit counseling and found that out the hard way. We have had money

troubles since before we were married. In 2001 or so, we made a

terrible mistake on our mortgage refinancing with a company that had

made promises over the phone that they did not keep at the time of

signing. We were trying to consolidate a car payment as well as get

some extra cash, plus combine a home equity with very high interest

rate all into the one payment. But they were not able to include the

car payment, so when it came time to sign, well, we had pretty much

already spent that " extra cash " and didn't feel we could back out on

the loan. We knew about the 3 day window to cancel the loan, but

like I said, we felt stuck. So we really learned that lesson the

hard way.

> Anyway, I got off on a ramble.

> Jeanne in WI

> Darlene, I finally started using one of those organizations that

help you get out of debt. Unfortunately, just as I was finishing

making my payments, they were absorbed by an other group --- but I

did that bit about paying minimum on the biggies and paying the most

on the smallest and I really did dig myself out of a very big hole.

Only problem was once my mother's estate was settled, I opened first

one

> and then an other visa card. I could pay both of easily but I

did go overboard. On the other hand, both vehicles are paid off ---

paid cash for mine and then got tired of dh not writing a payment for

his new truck so I called and got the pay-off balance on that,

>

>

[Guest guest]

I apoligize if I offended you. I was just sharing what happened to my husband

and I.

Jeanne in WI

Actually, it never showed up on my credit report and I have a very good credit

rating! Much better than my husband's who never pays his ONE credit card on

time and it is the only thing I ask him to pay. I kept telling him it could

hurt his credit rating, but he didn't get

it that just because he makes a big payment every other month, he shows up as

" SLOW PAY " . We found out the difference when we applied for the new mortgage!

I know they can show up, but it has been so many years ago that it no longer

shows up on my any of my credit reports --- it did for awhile, but it did not

stop me from getting more offers! And because of my banking experiences and also

working as a collector

for an agency for a few years, I know what information shows up when a lender

pulls a report from all three of the major credit scoring companies.