I heard from my adult daughter yesterday and she was very upset. Two months ago she signed up with AmeriDebt to try to consolidate her bills and make them easier to pay. She was told on the phone by AmeriDebt that a voluntary donation of the total owed would go to the agency. If this donation could not be made they would waive it due to hardship.
She was also told that she should put all of her bills on the program including her student loans. They were told that the creditors would call but just ignore them or tell them it was all being taken care of.
Hi, I had really good luck with Consumer Credit Counseling they only charged us 4.50 I think per month until our dept was paid off. Then they made you take a 1 night counseling course to try and crub your spending habits. Thank You
i am sorry to hear about the bad luck with ameridebt, i have had nothing but good luck with my experiences, i get monthly bills from people i owe (at my request) and the balances are always going down. I am truly sorry to hear about the bad luck, it bothers me to know that things like that happen in this world, best of luck to your daughter and I hope things get lined out soon for them.
Update: About 2 years after this post, an attorney from AmeriDebt called and asked me to have my daughter call him. They had read this article. They worked with her on the original charges. She is still working with their program and paying off the original debts.
Although credit counseling agencies may be necessary, be very careful with your original agreements with them and also see what you can do on your own before calling one. Many creditors are happy to work with you rather than having you declare bankruptcy and lose the entire debt.
One friend of mine had a daughter that was fighting cancer and she didn't have the money to pay some of her bills. Some of the debts were forgiven when the creditor heard of her problems. It never hurts to talk to your creditors.
Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!