Credit counselors take a payment from you every month. Then they take an amount off the top for their fee. Then they pay the balance to your creditors.

On top of it, these credit counselors are often "non profit" which is a big scam. The owners get huge paychecks. Slightly off the subject, but one principal in a "non-profit" loan company around where I live was building a golf course! I know of a credit counselor who owns a mansion on the waterfront in Florida.

So moving along, let us ask the question, why should you use credit counselors?

Supposedly, a credit counselor will go in there for you and negotiate on your behalf. But the reality is very different from "supposedly".

• They do not negotiate your principal down, only your interest.
• They are in bed with the credit card companies. Their computers often talk to each other.
• Credit card companies already have standard interest rates they give to people who ask for it and who have stopped paying. (If you are still paying on time, they won't lower your rate. But if you stop paying, they will!)
• On your own, you can negotiate lower credit card payments but more than that, you can get principal reductions!

Take the story of Steve from Ventura County, California, one of the owners of my Mortgage Relief Formula.

Steve's business turned down because of the real estate decline and he fell behind. He used the methods in my Mortgage Relief Formula home study course to negotiate with his credit card companies.

Now here is what Steve told me and this is completely 100% true and accurate:

Richard's course also has great help on credit cards and I know that creditors can't threaten me anymore. The CDs have some great information about credit cards. You can negotiate. This tells you how.

This course is perfect. There is nothing like it especially if you are in the real estate business. This course tells you everything you need.

And now I am doing my own debt negotiation. You don't need anyone. I am saving thousands of dollars. I think this is a win-win deal. The price is nothing compared to what you get out of it.

I just got off the phone with a major bank that I owe money to. I owed $12,000 and they cut my debt to $6,000. I said "you give it to me in writing, and I'll pay you each month." I have a written offer and got 50% off my debt just by following the information in Richard's course.

My methods can let you drop the amount you owe by 20%, 50%, or even 80% or more. Just as Steve has done.

No reason to use scam credit counselors. And if you are afraid to talk to the credit card companies, just use the mail. You have the right to tell them not to phone you and you can negotiate it all by mail. Even get them to report favorably on your credit after a year. So your credit may be bad or worse for awhile, but then it will improve!

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