Find solution
Where to go for free anonymous counseling?

Is there anywhere someone can go to get free or cheap credit counseling?

  • I'm not looking for debt consolidation or the kind of counseling that helps you pay off debts. What I'm looking for is someone to sit down with for a couple minutes to help me understand my credit reports and maybe suggest a course of action. I am not very qualified at this type of thing and I can't seem to understand my credit report. I have two negatives on it and they both look like the same thing. The account number is the same. What I think is it's a credit card I had a long time ago when I was young and dumb that I defaulted and I was closed. It looks like Wells Fargo sold the account to a collection agency because the negative item that is titled Wells Fargo Card Services says it was charged off and the month after it was charged off, a new negative item shows up under the title of a collections company with the same account number as the Wells Fargo item and the same balance. It even says the original creditor was Well Fargo and that it is a factoring company account. I can't tell if both these negatives are for the same thing because this report might as well be written in a different language to me but, as far as I can tell is they are. What I don't understand is they're docking me twice for the same debt. Why is that? I was hoping to negotiate some kind of pay for deletion but how can I do that if there are two negative reports for the same debt. Since one debt is charged off, it doesn't even seem like they would help me since they probably already got paid and sold it to collections. Also, I really don't want to pay off both these debts if they're both the same thing. Anyways, back to the original question. Is there anywhere to go for simple advice and help without getting into any kind of consolidation programs or anything. Does anyone have any insight on this situation. Preferably insight that is related to my question and its answers. I would not appreciate feedback from the type of people that write not to answer a question but to give your unwanted opinion on my situation. Thanks in advance for any help.

  • Answer:

    Contact the National Foundation for Credit Counseling http://www.nfcc.org/

Bryce at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

- Pay for Deletes do not work with charged off credit card debts. - When a charge off is sold to a 3rd party debt collector, it's common for the debt to show up twice on your credit report.. This does not mean that you have to pay it twice. You''ll have to pay whomever has the account....most likely a collection agency. When a credit card defaults (called a "charge off"), the damage to your credit has been done and it cannot be undone by later paying back the debt. A charge off stays on your credit report for 7 years from the original date of default, even if you pay the debt back in full. At best, your credit report would be updated to Paid/Settled R9 Charge Off status with a $0 balance, still bad but a little bit better. It is for this reason that you might as well get the best/lowest settlement you can get. - There is no such thing as counseling programs for already defaulted debts. All you need to understand is that the best way to resolve charge offs is to settle them for less all at once. If you can't afford to do this, then save your money until you can. NFCC, a legit counseling program, is only good when you first get behind in payments and have not defaulted on your debts. This organization would put you on a payment plan...something you would not want to do for already charged off credit card debts. - Don't even bother with payment plans....these will not help and they usually do not turn out well. -- Confirm the statute of limitations before you pay: http://tinyurl.com/3fvw68x -- How to pay/settle credit card defaults: http://tinyurl.com/3q8x6e6

CatDad

First off, as posted before, go to the website for the National Foundation for Credit Counseling. They can help you find some help. Also, your local credit union might be able to help. Mine (Unitus, in Oregon) offers free classes and one-on-one help discussing credit scores, money management and personalized help to manage debt all, for free. Best of luck.

Meet the Misses

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.