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 be great! Thank you!- Hey! I went through a debt consolidation company called Stratton & Feinstein. They are a group of lawyers that make deals with your credit card companies and other debt to consolidate it to about 65 % of what you owe. The website is myuslaw.com. I hope this helps! Good Luck!
- SO been there, done that - I had a lot of a LOT of debt and could not figure out how I was supposed to pay a debt consolidation or debt settlement company on top of making payments to credit card companies. I found a company that allowed me to stop making payments immediately. I now work for them because they helped me and I can now help others - hardly anyone knows that there are laws in place that protect the consumer regarding credit card debt - email me for more info
- There is one called Consumer Credit Counseling Service that is sponsored by Goodwill. Here is the link I found or call the Goodwill Office in your area
- Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only debt that can garnish your wages for non payment without taking you to court first. Just list them out on a piece of paper or a spreadsheet and follow the plan. If you work the plan, the plan will work for you. A. Have a garage sale and sell anything that you no longer need or want. B. Get a temporary part time job, if you have one, get another. Here is a plan that can help you. If you work the plan, the plan will work for you: 1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000 - 1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you do not even have to worry about it. You must cut your spending and live on less than you make. 2. First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on. 3. Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 the minimum payment and the extra payment towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example: To start : Debt #1 highest interest : minimum payment extra payment Debt #2 middle interest : minimum payment Debt #3 lowest interest : minimum payment Debt #1: paid off Debt #2: minimum payment from Debt #1 Minimum payment from Debt #2 extra payment Debt #3: minimum payment Debt #1: paid off Debt #2: paid off Debt #3:Minimum payment from card #1 minimum payment from Debt #2 minimum payment from Debt #3 extra payment. That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have. 4. After you get all of your debts paid off, add to your emergency fund until you have 6 - 12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no - risk CD so that if you need the money you can take it out without penalty. 5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life. 5b. When you have your emergency fund in place, start saving for your retirement. Join the 401 k plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire. 5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest. You can do it and it is not as hard as you think. Just follow the plan
- I have listed a resource where you can find the best 3 rated services in this market, make sure you review and compare all of them before make any decision
- Finding a good debt consolidation company is like finding a shark that will not bite you. Here's the fundamental problem with debt consolidation companies: They do not do anything that you can not do yourself. If you owe $20, 000 to one or many credit card companies, when the debt consolidation company gets finished, you either A owe $20, 000 plus their fees, or B have defaulted on some of the debts, trashed your credit, and now owe the IRS taxes on the debts that the credit card companies have written off. If I have five cards, and the minimum on each of $300, what's the use of a debt consolidation company that tells me I can make one low payment of $1, 800 a month? Here's what I suggest: Go to each individual creditor yourself and try to negotiate a lower interest rate, and close the credit card accounts for any of the lenders that will not work for you
- Any lender can consolidate your debts, you do not need a "specialized" lender. most of them will in fact be scams. But do not fall for this unless you completely know what you are doing and understand, for some reason, why you must do it. the majority of people who consolidate debts are usually taking unsecured debt and turning it into secured debt and that's not so smart to do since the only thing that can happen to you if you default on an unsecured debt is a bad credit rating for a few years until it falls off your report; but, if you default on a secured loan, they can take whatever it was that you used to secure that loan, and you still take the hit on your credit report. Also, by rolling an old debt into a new one depending on what that is and how it's written - especially refinancing a mortgage or car note you are lengthening the term of that original loan and compounding the interest too - paying waaaaay more for something than you need to. You can usually just contact your creditors and work out a new payment plan that keeps you from all these negatives that come with consolidations. Or, if you're able to simply get a new, unsecured loan from a reputable lender, you can pay off these debts personally with those funds rather than listing them for consolidation
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: 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 company)
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 company)
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)
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 company)
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 company)
