Neway

Pros: Not one
Cons: I am more in debt NOW than I was when I started with Neway.

We went with Neway because they have a very professional looking website, speedy initial counselors who have ready answers, a reasonable contract which includes the option of a consolidation loan after six months on the program, and claimed that they had...

Pros: None
Cons: Neway is Ameridebt

Take a look at

http://www.epinions.com/finc-review-4541-305E5F0-39512D67-prod1

In short, Ameridebt takes your first payment as a "contribution," skims a large percentage of...

Pros: Zero...zilch...nada!!!
Cons: Rude & obnoxious customer service reps...unhelpful and untruthful.

Never before in my life have I been so frustrated with one company. I signed up with Neway in July '00 and made my first payment in August. I've made 12 payments of $250 over the course of a year with the thought in my head that I was doing something...

Pros: Neway helps people out of debt, and they do it well.
Cons: In my opinion, there are none.

I have been with Neway for a little over two years. When I had started with them I was not in financial danger but I had a lot of debt to many different credit cards. I tried to work with the credit cards myself but no matter what I tried they would not...

Pros: Ability to help you manage your debt
Cons: Nothing is for free, there is a large cost for this service

Beware of hidden costs!
Everything sounded great; it was going to knock my payments per month down by $100. Then the hidden costs came in.
Neway states that they are non-profit and do not ask for any fees but then they slam you by taking...

Pros: None
Cons: Slick website & fast talkers do not deliver for debt ridden consumers

Avoid this company, now going by the name of Debtscape! What they say to you in their initial phone/website presentation has very little to do with the reality of assisting you manage your debt. The statement contained in their website (www.neway.org),...

Pros: Good Customer service
Cons: Cannot lower all interest rates

I was very skeptical about all the credit counseling companies out there so I tried to research as much as possible on the web and through various regulatory offices before making a decision. I decided to go with a company called Neway out of Baltimore...