I really screwed up my credit in college (Should have listened to my parents; I guess this was just a lesson I had to learn for myself). Well I decided to take control and decided to do credit consolidation. The credit union turned me down; too much credit. The non-profit CCC agency said I wouldn't be able to get an appointment for a couple weeks. So I did some searching on the internet and found a for-profit company that could work with me immediately. I checked them out with the BBB and the Chamber of Commerce (they are a member of the CoC). Everything checked okay so I went ahead and got everything going. Well I pay this company, they pay my creditors. Well, they haven't been paying my creditors on time. (It's a lot more involved than this but it's too long to explain, but that is the jist of it). Because of this my minimum balances due on my statements are outrageous, so even if I try to get out of the arrangement I am s.o.l. I am so upset and frustrated right now I don't know what to do. I've thought about legal action, so I contacted a bankruptcy laywer (the add in the yellow pages indicated that they don't just deal with bankruptcy but other credit situations). The lead assistant told me that they really only do bakruptcy and it sounded like I would need a consumer lawyer. She said I should go ahead and schedule a free consultation with them though because maybe the lawyer could give me some advice or guidance or refer me to a consumer lawyer. I'm at my witts end. I made the appointment but I am so afraid that I'm going to hear that bankruptcy would be my only option because I can't pay what the statements are asking and the amounts wouldn't have been so high if the company would only pay them on time. I tell the company this but they say that what my statements say doesn't matter!!!! Yeah right! I've called the credit card companies and it does matter! I don't want to file for bankruptcy, I would feel so ashamed! I want to do the responsible thing but this company has made my situation worse. If I hadn't signed up with them I would be fine (It would take many more years to pay it off, but I would have been fine). See they got my interest rates lowered so low that with the payment plan they set up I would have my debt payed off in 5 years. I am so confused and mad!!!!!!!
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2/14/02 at 1:44pm