Credit gone bad
In Nov.2004 I joined a Debt Plan that said they would contact my creditors and get them to lower my interest rates so that I could
make one lower monthly payment through them. Wow sounds great. (It was getting tight). I told them I was not behind in any of my payments nor had I been. And that My credit rating was 656 before I joined which is not great but I did not want it to drop.
They told me it had noting to do with my credit rating. So at that I said sure lets do it. I sent them a large payment right
then to pay my bills that were coming up. I started recieving bills stating they had not been paid When I contacted the Debt Co. they said it is ok they do that to get the creditors to lower interest rates and that the late fees will be deducted not to worry. Well they just kept coming . Long story short... I got so far behind I my credit rating started dropping Then I got mad talked to them again and again and again. They have now ruined me and the bad thing is it is March 2007and I finally have every one cought up NO LATE bills. NO PAST DUESI
Think I am finally on the road again and I now I find I have closed accounts other creditors got wind and raised my interest rates to where I can not pay them. My credit rating is now 515 (Would not hurt my credit .... RIGHT)
What can I do? I was only trying to make sure I kept everyone paid on time and lower my payments.
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