This company tells you that they can help you pay off your debt faster by negotiating lower interest rates with your creditors and having more of your payment go to paying off the principal. I had tried this myself and didn't have any luck so I decided to let them try. I figured if they could do something it would help and if they couldn't it wouldn't cost me anything because they wouldn't be able to show me the savings they promised. The didn't reduce the rates at all but still tried to show me a huge savings by telling me to pay off the cards attacking the highest rate cards first. Then apply those payments to the next highest card. This is common knowledge and they did nothing to make the payments change. If I was able to do this I would have done it a long time ago, but it is all I can do to make the minimum payments required. They sent me a spread sheet that anyone that went to high school should be able to create outlining a payment plan that I cant afford. They told me if they couldn't show me the savings they would refund my money. When I asked for my money back they refused. This company is under investigation by the Attorney General, Bill McCollum's office.
Pros: nothing
Cons: Common information they charge high dollars for.
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