Consumer Credit Counseling Service (CCCS) is a company that was founded, and is controlled by, credit grantors and credit bureaus. While this organization helps some people in certain situations, you have to realize that this company was created to get ‘some’ money, any money, from people having trouble with their finances. They are not organized to help people restore or repair their credit. CCCS is organized to collect money for the credit card companies and other credit agencies.
Further, if for some reason you decide to abandon the process with Consumer Credit Counseling, you’ll most likely get another negative item listed on your report (this time from CCCS).
While making arrangement to pay off your debts sounds notable, there are other processes in place that may benefit you more in the short term as well as the long term.
When you sign on for a Consumer Credit Counseling Service, sometimes it’s noted on your credit report. However, the benefit of this reporting rarely will help you get better or more credit. The items will still be negatively listed and this won’t change.