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Home > Reader Questions > I’m Thinking of Using GreenPath for Debt Counseling Services. – Andrew

I’m Thinking of Using GreenPath for Debt Counseling Services. – Andrew

Past due on debt obligations. Bank of America suggested three debt management companies. What happens to credit availability if I sign with one? Near term and long term?

I’m thinking about engaging Green Path for debt mgmt. One thing that I’ve read on line is that once you engage with these firms and your accounts are closed that you “can never get credit again.” (On person’s testimonial.) How accurate is this?

Andrew

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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.
  • Ivy

    I am currently with Greenpath, and they have done wonders for my credit. They also offer a course that help you learn from your past money mistakes, so that you don’t end up in the same situation again.

    As Steve says, credit counseling may not be right for you, but it’s worth a phone call.

  • Ivy

    I am currently with Greenpath, and they have done wonders for my credit. They also offer a course that help you learn from your past money mistakes, so that you don’t end up in the same situation again.

    As Steve says, credit counseling may not be right for you, but it’s worth a phone call.

  • Steve Rhode

    The statement “can never get credit again” is totally not accurate. This article covers the issues surrounding credit counseling and credit scores.

    I know the folks at GreenPath and they are good people. My concern is not if GreenPath is a good company to go with, it’s if credit counseling is the right solution for your situation. Since I don’t know your situation, I can’t say.

  • http://GetOutOfDebt.org Steve Rhode

    The statement “can never get credit again” is totally not accurate. This article covers the issues surrounding credit counseling and credit scores.

    I know the folks at GreenPath and they are good people. My concern is not if GreenPath is a good company to go with, it’s if credit counseling is the right solution for your situation. Since I don’t know your situation, I can’t say.

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