does anybody know of any good credit card debt consolidation company out there?
I have a debt for 20000 in credit cards I need to consolidate them into one payment. What are the advantages and disadvantages with these companies? . How can I choose the right one / ? Waht should be aware of? thanks- ?Debt consolidation? can refer to two completely different things: 1 Getting a loan to pay off all debts to consolidate your bills into one lower payment. If you do this, go through a local bank. Often, when people get this sort of loan, it's simply too tempting to start using all the newly available credit on their credit cards again and they quickly find themselves in twice as much debt as when they started. If you take this type of loan, when you cards are paid off with the loan. call all your credit card companies and request voluntary credit limit reductions to $1, 000 to prevent this from happening 2 Debt consolidation also refers to a dangerous practice of deliberately defaulting on your credit cards to try to force your creditors to settle for less. Stay away from any "debt consolidation" company that promises to cut your debt and payments in half through debt settlement. This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. You pay a monthly fee to a debt consolidator. this entire fee goes towards building a settlement account and to the consolidator's fees to ?settle? your accounts in the future. Your credit card companies will deliberately not be paid so that all the accounts will default / charge - off so that they can attempt settlements at around 50%. If you are current on your accounts, this process will ruin your credit rating for sure. Debt settlement is like a roll off the dice with your finances. You can never predict how your creditors will respond to the deliberate defaulting of your accounts. they might settle at 50%. or they might serve you a summons, take you to court. and if they win, you could be looking at wage garnishment. Many people who sign up with ?debt consolidation? firms incorrectly ume that they have the power to force your creditors to accept settlements. they don?t. Your creditors have the right to refuse settlements and take you to court
- You should just start paying off the one with the highest interest first and work your way down. Getting education in how you got in that much debt in the first place is battle strategy number 1. Consolidating them into one would mean needing a $20, 000 loan for someone to give you new terms on
- No. Just No
- The only legit one is Consumer Credit Counseling Service. Look in your phone book
Knowledge Base
Who do you recommend for a good debt consolidation service? Any personal experiences?
i have approximately $15k in various credit card and hospital bill debt. i am looking for a good company that does debt consolidations / loans. there are lots and lots of companies available but i have heard there are both good and bad ones out there. personal experiences are highly (bad credit debt consolidation)
Has anyone else been getting recorded phone calls from Debt Consolidation companies telling you that
and it infuriates me as i do not have any credit card debt and i. debt consolidation recorded phone calls. it is the ones behind the scenes that are the bad. i get similar calls that starts out saying my credit card is in good standing. but i do not (debt consolidation company)
What is a good debt consolidation program?
one that actually works. i am afraid to put my money into these people if they are not really going to help. i am only about 1, 000 to 2, 000 dollars and debt. i wanted to see who is actually on these programs and if they actually work from (debt consolidation services)
Knowledge Base: Debt Consolidation
Need advice on a good debt consolidation company that can help me!?
hello, im in much credit card debt, around $40, 000, and was wondering if someone knows of a good reputable debt consolidation company that can help me, thanks. these are important points to check while searching for a reputable debt consolidation company; first, while talking with debt consolidation company representative (debt consolidation program)
How much does it cost generally to pay a debt consolidation company?
i was wondering how much does it cost to pay a debt consolidation company to help you, because i want to know if it's worth it. i am in so much debt making barely and i do not know what else to do. on payday i usually just have 100 (debt consolidation services)
Has anyone used a debt consolidation company?
i have spoken to a lady from a debt consolidation company and it sounds quite good. but what are the pros and cons?. the pros are it ties all your debt into one big ball. the cons are the one big ball also has interest added on top of the (debt consolidation program)
Can you refer me to a good debt consolidation company?
can you refer me to a good debt consolidation company? i have heard there are a lot of rip off debt consolidation companies out there, and i am just looking for one that maybe you have had a good experience with. if you could give me some suggestions, that would (debt consolidation services)
Will any debt consolidation company include secured debts like cars and educational loans into the program?
will any debt consolidation company include secured debts like cars and educational loans into the program? is it uncommon, does anyone know of one?. try the only reputable company, consumer credit counseling. but, before you do this read dave ramsey's book, total money makeover. debt consolidation is equal to filing (debt consolidation program)
Knowledge Base: 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)
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)
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)
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)
Is it recommended to use debt consolidation for credit card debt?
i am approximately $25k in debt, should i use a debt consolidation agency?. yes, if you do not 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 (credit card debt consolidation)
