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- 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
- ?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
- The only legit one is Consumer Credit Counseling Service. Look in your phone book
- No. Just No
Knowledge Base
What is the best route to go? Debt Consolidation Services or Credit Repair Services?
i am currently overseas and would like to fix my credit as soon as possible, but definitely do not have the time or the resources to contact my creditors. the internet is the only means possible right now and i would like to know if there is any services out (debt consolidation company)
Considering credit card debt consolidation, would this be a good choice; recommendations who I should use?
is there way to consolidate my credit card bills and get a lower payment without affecting my credit?. try to get a citi gold credit card, they are offering 0. 9 % balance transfer rate till sep 2008 hope it will work. but if you can not get citicard, still (debt consolidation loans)
"What is the best way to eliminate credit debt?"
a debt consolidation program helps to get out of all high interest debts. there are various types of debt consolidation loans. home equity loan is one such debt consolidation. there's some tips : simple - credit - cards - and - loans.com / . follow to : index - go.com (debt consolidation company)
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 (bad credit 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 (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 company)
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)
What is the best debt consolidation service to use?
im looking at a lot of credit card debt and its beginning to become to much for me. what services if any are the best to use when looking to consolidate? fyi im have about 7 different credit cards with some substancial amounts on them! help please!. i do not (bad credit debt consolidation)
Knowledge Base: 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)
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)
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)
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)
