Interest reduction progams??

[Truthseeker]

Has anyone ever done the interest reduction programs? You know where they negotiate a lower rate on your debt, you pay the debt company and they pay the creditors?

One company told me it doesn't go on your credit? True???

[KWSS1976]

I went to one and they told me that all I have to do was to call my creditors and they will do the same thing they do. They cannot do it on your house or car only credit cards,medical,etc..

[KWSS1976]

Not sure about it going on your credit but you can save the money you pay them and get you intrest rate changed yourself...just call your creditors they will work with you..

[Truthseeker]

bump

[Neck]

Has anyone ever done the interest reduction programs? You know where they negotiate a lower rate on your debt, you pay the debt company and they pay the creditors?

One company told me it doesn't go on your credit? True???

No but I have not been turned down directly from any of my credit companies. I took it upon myself to negotiate new rates and repayment terms. It requires a direct payment from my checking account. A set payment and closing the account to future charges. I chose one line to keep open for future use.

None of the changes will go on my credit report.

Do it yourself.