Reply #49: I just went through the "counseling" now required.

[judaspriestess]

its a bunch of bullshit, a way to collect $50.00 and the credit card companies trying to make you pay the debt back through consolidation which will take years. Debt consolidation still ruins your credit and your cards are closed for good and continue to be reported late because these credit places pay the cards late thus affecting your fico score. Your credit report will also say credit card closed due to debt consolidation and you have to wait a year to buy a home for example, debt consolidation does not look good on your credit either. I know for a fact people can get back on track from a bk. my colleague filed a bk a few years ago and has a 805 fico. I just ran someones credit with a year old bk and they have a 750 fico. Debt to income ratio has nothing to do with a BK.

The CCC counseling service did not even counsel me, they collected the 50.00 and said good luck and best wishes.