The real truth and nothing but the truth about Consumer Credit Counseling

We have all seen countless ads for non-profit Consumer Credit Counseling agencies, but how can a non-profit organization pay so much for advertising, and if you don't pay for their services who does?  We know all those people don't work for free, the phone companies are not providing them with free 800 numbers, and TV stations are not giving them free airtime, so how are they doing it?  They are "sponsored" by major banks and lending companies, and the way they keep their sponsorship is by collecting money for the sponsors!  They may say they work for you, but we all know in the end, they work for whoever is paying the bills... This means they are nothing but collections agencies, sponsored by your lenders and creditors; truly a wolf in sheep's clothing.  They also don't tell you that they are going to destroy your credit rating when you enter their program.  All of your accounts will be charged off and settled for less than the full amount will be entered on your credit reports.  Your credit reports will also be noted that you are enrolled in their program, you might as well see if they can just stamp a skull and cross bones on your credit reports.

Something to think about.