Is it recommended to use debt consolidation for credit card debt?
I am approximately $25k in debt, should I use a debt consolidation agency?- talk to a credit counselor first. then see what the consolidation firms can do. many times credit counseling firm has better rates or can get your debt combined for little or no fees
- If you use an agency, you need to make sure that you never use credit cards again, or get a mortgage or car loan for the next 10 years. Your credit will be torpedoed, as if you had gone Chapter 13, and it stays for 10 years. You've heard of grade school's "permenant record"? Well, it does exist, but it refers to credit
- well, you got SOME replies but here's some great reading, might take you a while though: credit - cards. ebookorama.com finance. ebookorama.com credit. ebookorama.com credit - repair. ebookorama.com if you get any luck please don't forget about me lol, hope it helped you!
- It is good solution if have trouble keep up with your payments having or not having house has nothing to do with it though. There are some things you should be ready for - you can not use those credit cards no more once they are accepted to the program, creditors will most likely cloce that account, and it does affect your credit while in the program somehow negative nearly NOT like bankruptcy, but you gonna earn your poinst back at the end for all those credit cards paid off
- Credit Card Debt Consolidation Loan When using the credit card, people ignore the consequences of using the card too often. Frequent use of credit card causes bills to be accumulated and worsens your credit score. Besides lowering. debt - refinance - loan.com / category / Credit - Card - Debt - Consolidation - Loan.html
- Yes, If you don't own a home and want to move out of renting, a debt consolidation agency can help you. The simple way is also to individually work with your creditors to contruct a payment plan. THey are remarkably flexible with clients when they know they are trying to pay off accounts in relatively short time. Remeber Consumer Credit Counseling reads on your credit report almost exactly as if you declared a chapter 13 bankruptcy. Bankruptcy however, does help people who truly have no other alternative to debt mediation
- Just be careful and do your research. I signed up with a debt consolidation agency back in May. They decide your payments after you list your necessities for the month, ie car payment, rent, yadda yadda yadda. However, after being in the program for two months, I still was being harr ed by my creditors and later found out that this debt consolidation company did not make the payments on time. So I am better off just paying them on my own. Just do your research and ask. Its better to annoy them than to have your credit score ruined
- Debt consolidating only works if you get rid of the credit cards that you pay off. Otherwise you'll just charge them back up and end up even deeper in debt
- Debt consolidation can be an answer, but as everyone else has said, it will only work to clear your debt if you get rid of your credit cards. In my case I went to my bank and I was amazed that they agreed to give me a loan to repay my cards. I cut up all but one of my cards which I use only for essential expenditure. If I pay back the bank loan at the repayment rate they want I will end up paying quite a lot of money, but I am paying it back faster so they won't get as much out of me as they think! So I recommend you go to your bank first. This website's got a lot of information about your options. It will really benefit you to do your own research. Good luck!
- Debt consolidation is looked upon by creditors as being worst than bankruptcy. Since I deal with this quite often when I look at credit reports, it shows that you can't manage your debt on your own and you need to pay someone to help you. If you were a bank would you trust that person who can't seem to manage their finances with a loan, probably not, or if you do you would give them a very high interest rate. The reason is they don't believe you will be able to manage the loan they are going to give you so they rather not deal with you. Be careful, weigh the pros and cons
Knowledge Base
Better to use debt consolidation company or contact creditors direct to work a payment arrangement?
it is better to use the services of a debt consolidation service, they usually have a deal with the company. from acreditlibrary.com / creditcounseling.html. it is better to use the services of a debt consolidation service, they usually have a deal with the company. from acreditlibrary.com / creditcounseling.html. either will (credit card debt consolidation)
can you get financing for a home if you have been in a debt consolidation program for less than a year?
does anyone know if you can get financing for a home if you have been in a debt consolidation program for less than a year? before anyone says if you are in debt consolidation you apparently cannot afford a home please do not waste your time in responding. thanks!. i (bad credit debt consolidation)
What company or companies gives out debt consolidation loans to people with bad credit?
i want to know if you personally found a company which considered your case and gave you a loan even though you have bad credit and outstanding balances. i have researched enough about counseling and debt consolidation loans. i just want to know who has actually gone through the process (consolidation debt)
Knowledge Base: Debt Consolidation
What is a reputable debt consolidation company?
i fell behind on my credit cards when i had an emergency medical expense. even though i have a steady job and income, they have raised the payments and dropped the limits so there's no chance i will catch up. i want to do debt consolidation but most companies google (bad credit debt consolidation)
Which is the best company which can provide services like debt negotiation, debt settlement, debt consolidation?
i need to know the best company that provides credit debt related services like debt negotiation, debt settlement, debt collection, debt consolidation and others. i find these companies totally useless except for ending the h le from individual creditors. they claim to "repair your credit in 5 years", but the (debt consolidation company)
Whats the best credit card debt consolidation?
i have around $10, 000. 00 dollars of credit card debt from 3 different cards, my husband is unemployed and i work a low paying job and we can not make the min. payments. they are falling behind by as much as 190 days. the interest is almost 30% on (debt consolidation)
What is the best debt consolidation service?
i have a few credit card that are past due and i am not able to make the payments. what is the best debt consolidation company to use? keep in mind, i am not a home owner. do not use any debt reducing companies, just burn the credit cards or (bad credit debt consolidation)
Are there any guarantees in debt consolidation loans?
i have been in sky - high debts for the past 5 years. a friend referred me to try checking debt consolidation loans. will they guarantee me of a debt - free and better life if i will get one for myself?. hope this helps. worldbestloans.com / thanks. hi, i (credit card debt consolidation)
Knowledge Base: Credit Card Debt Consolidation
Who are the credit card debt consolidation groups that reputable and don't rip you off? One that can help me?
i am in deep credit card debt and i think the only way i can get help is through one of these programs. i heard credit card advocate is a helpful one. please let me if anybody has tried these and did it help?. google the name of that company (credit card debt consolidation)
Is credit card debt behind many home foreclosures?
year after year some people keep stripping the equity from their homes by refinancing into one debt consolidation loan after another untill all of their equity is gone. i think so - you want to buy furniture, etc. for your home. also first time homebuyers do not realize the other (credit card debt consolidation)
how good does my credit have to be to get credit card debt consolidation?
if i let my cards slip for a while i do not know how much they have hurt my credit. i need credit card debt consolidation, will they accept me if my credit cards have been beating up my credit a little in the last month or 2?. debt consolidation (credit card debt consolidation)
Do I need to have delinquent accounts in order to qualify for credit card debt consolidation?
i am considering trying to consolidate about 35k worth of unsecured debt, although i am not having trouble making the payments. i believe, yes you have to have some problem paying the accounts to qualify for debt consolidation. if that is the case then your credit rating will be affected. (credit card debt consolidation)
What is the min. amount credit card debt you must have to do debt consolidation and is this a good idea?
i wanted to do credit card debt consolidation but i am skeptical if this is a good idea with the economy. i am very far behind on my credit card bills and the only reason i can not afford them now is because the min payment has gone through the (credit card debt consolidation)
