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The
consumer credit counseling service, CCC,
part of the National Foundation
For Consumer Credit (NFCC).
Address
For Main Office: 8611
Second Avenue, Suite 100
Silver Spring, MD 20910 Phone
Number For Main Office: 800-388-2227 The CCC is a
nonprofit debt consolidation service organized and funded by a pool
of credit card companies with the primary purpose of helping
people with financial difficulties.
The number for the local CCC can be found in the yellow pages or
by calling directory assistance.
When
you call the CCC, they will assign you a credit counselor.
The credit counselor will:
-
arrange
a meeting with you
-
review your
case
-
attempt
to consolidate your debt into one monthly payment and
-
negotiate on your behalf with creditors
Their goal
is to try and lower interest
payments into a payment plan that is affordable for you.
If you can afford the new monthly payments and are willing to
continue the payments for several years or more this may be a good
option. However,
this agency is formed by credit card companies, so they are not
completely unbiased. CCC usually charges a small monthly fee,
around $9 per month and sometimes a setup fee of approximately
$20. Fortunately, if you can't afford the fees they will still
help you.
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