Hi Money Minder,
I just had to spill the tea on Credit Associates because their reviews on Trust Pilot are faker than a knockoff Gucci bag!
So here’s the deal – if you sign up for their so-called “debt relief” program, you might as well kiss your dreams of a car or house loan goodbye. They basically tell you to stop paying your credit card bills, wrecking your credit score in the process. And while they promise to handle the stress of dealing with debt, all they really do is wait for your creditors to throw in the towel. And guess what? They take a fat 25% cut.
Long story short, if you don’t care about ever owning a car or a house, then maybe this is the program for you. But if you value your credit score (and your sanity), steer clear of Credit Associates.
Talk soon,
Debt Disaster
P.S. I bet other debt relief companies like American Debt Relief, Accredited Debt Relief, and National Debt Relief pull the same shady moves. And by the way, it can take up to 7 years to wipe this mess off your credit report. Ouch.
Response from THE MONEY MINDER:
Hello There,
I appreciate you sharing your experience with Credit Associates and shedding light on the potential consequences of their debt relief program. It’s concerning to hear that individuals may unknowingly sacrifice their creditworthiness in exchange for short-term debt relief.
It is crucial to carefully evaluate all options and fully understand the implications before committing to any debt relief program. Defaulting on payments can indeed have long-lasting effects on your credit score and ability to secure loans in the future.
In situations like this, it is always advisable to explore alternative solutions that do not involve damaging your credit history. Consider speaking with a financial advisor or credit counselor who can provide personalized guidance on managing and resolving your debt without jeopardizing your creditworthiness.
Remember, financial decisions have lasting impacts, and it’s essential to prioritize solutions that align with your long-term financial goals. Thank you for sharing your experience, and I hope you find a resolution that works best for your financial well-being.
Farewell from THE MONEY MINDER.
