Be VERY careful
First off Logan was great hence the two stars. However once we got down to the nitty gritty this isn't a great choice if you don't QUALIFY for a LOAN! If you don't qualify you have to open a savings/trust account and make monthly deposits. Ok I can do that BUT they say stop making payments to your creditors!!! They will negotiate lower interest and fees but once agreed upon those cards are closed out by the creditor and that's ok. They say once you've made deposits to the trust account on time and consistently you MIGHT qualify for a consolidation loan down the line. Here is the problem you stop paying the creditors as they say and your FICO score bottoms out. So now even if you do qualify for a loan 6, 8, 12, 18 months down the line, it does not matter because you ruined your credit score when you stopped paying the creditors. If your score is great, fair, good or poor you will no doubt drop to the poor credit score because you stopped paying your creditors. Don't forget that stays on your credit score for 7 to 10 years!!!
