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Home > Reader Questions > I Contacted Clear Point Debt Consolidation for Relief. – Annette

I Contacted Clear Point Debt Consolidation for Relief. – Annette

I contacted Clear Point Debt Consolidation for a relief in helping to lower my high interest credit card debt. I have tried to talk to my creditors to lower my interest but to no avail. I have come up with the following self-help plan. I will pay off the small credit cards (and not pay the larger ones for a couple of months). Then I will start to knock the large ones down. What are your thoughts?

Annette

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I Contacted Clear Point Debt Consolidation for Relief.   Annette
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • black rose

    I am having a horrible experience with  Clearpoint.  The person assigned to me is rude and unwilling to communicate.  If I ask a question, she gets defensive and argumentative.  She claims she is accustomed to working with people whose situation is “cut and dried”.  I am seeking help with a loan modification.  I paid off more than half the principal in the first two years.  Then I lost my job.  I am working at a small fraction of what I was making.  I need help getting the monthly payment lowered.  I could have kept the money, walked from this home, bought another for cash.  There is no reason to treat me like dirt or a deadbeat.  I hear a lot of times people go into a modification, make payments as agreed, then lender forecloses.  I am afraid that will happen to me.  I do not want to give them anymore money if I am going to lose my home anyway.  Can anyone give me suggestions?  The principal balance is less than the home’s value.  All their fees and charges will eat away my equity.  The clearpoint person is not explaining the process to me.  She wants me to provide confidential information such as my ss# and birth date before she will do anything.  If this is not going to work, I do not want my information in the database.

    Help anyone?

    • Thomas Nitzsche

      Your tax dollars have paid for the HUD-approved mortgage counseling that ClearPoint and other HUD-approved agencies provide to distressed homeowners.  In order to receive funding and for grant-writing purposes, as well as to correspond with your lender should it become necessary, the counselor will need all your personal information.  If hesitant, you can visit http://www.hud.gov to verify that ClearPoint is an approved agency and be assured that your information will be kept confidential other than for purposes of assisting you with your mortgage concerns.  If you are unhappy with the particular counselor you spoke with you have every right to request another HUD-approved counselor, as there are many within the agency.  It is a good idea to stay in contact with both the lender and the HUD-counselor through the process as procedures and programs do change over time.  Best wishes to you!

      Thomas Nitzsche
      Media Relations Coordinator – Heartland
      ClearPoint Credit Counseling Solutions
      http://www.clearpointccs.org
      877-877-1995

    • Leah

       I believe when you say Clearpoint person is rude and unwilling to communicate. That is exactly the feeling I got when I spoke to a representative from Clearpoint.  She didn’t sound like she wanted to really help me and didn’t make me feel at ease to even continue talking to her.  I am thinking of taking them off my list as one of the credit counseling companies to use because I didn’t have a pleasant experience with that representative. 

  • Nsimpson

    I just finished 3 years with Clearpoint in a DMP. I had 11,000 in Credit Card debt spanning 7 different cards ranging from $250 to $5500. At the time my credit score was in the low 500′s and is now at or near 700, I just got a new car with a $15,000 loan at 4.45% the credit cards are all clean and it was the best decision I ever made. They helped me work out a budget, and got my minimum payments and interest rates down a lot.

  • Nsimpson

    I just finished 3 years with Clearpoint in a DMP. I had 11,000 in Credit Card debt spanning 7 different cards ranging from $250 to $5500. At the time my credit score was in the low 500′s and is now at or near 700, I just got a new car with a $15,000 loan at 4.45% the credit cards are all clean and it was the best decision I ever made. They helped me work out a budget, and got my minimum payments and interest rates down a lot.

    • Thomas Nitzsche

      What a great success story!  It sounds like you have gotten on track financially and feel free to visit our newly-redesigned website for tips and tricks to stay on track.  If you are interested in doing a testimonial for ClearPoint feel free to contact us as well.

      Thomas Nitzsche
      Media Relations Coordinator
      ClearPoint Credit Counseling Solutions
      http://www.clearpointccs.org
      877-877-1995

  • http://GetOutOfDebt.org Steve Rhode

    It sounds like you may have elected to not go with ClearPoint for their debt management program and instead tackle the debt yourself. Is that true?

    Personally I like the approach of eliminating smaller debts first. It gives people motivation to keep it up as they knock out the initial creditors quickly.

  • Steve Rhode

    It sounds like you may have elected to not go with ClearPoint for their debt management program and instead tackle the debt yourself. Is that true?

    Personally I like the approach of eliminating smaller debts first. It gives people motivation to keep it up as they knock out the initial creditors quickly.

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