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debt consolidators FAQ
Debt consolidators?
May 27, 2007 by Jessica S | Posted in Credit
Is it a good idea to go with a debt consolidator to take care of medical and credit card bills? I have a baby on the way in a few weeks and I would love to free up some money...
I can't say this strongly enough.
If there is any way for you to manage this on your own, I would do that.
Why?
Because when buying a house, which is almost certainly the most important large purchase and use of credit you will ever
das mole | May 27, 2007
It can be a good idea, since interest rates can be lower than for example credit card rates, but if you take the attitude that you're saying of "freeing up some money" then you're just digging yourself into a deeper hole - both the new spending
Judy | May 27, 2007
Debt Consolidators?
Dec 18, 2007 by mcline_04 | Posted in Personal Finance
Can anyone give me a website or phone number for a good company that deals with debt consolidating I really need help finding one that wont cost me a fortune. Thanks
I reccommend CreditSolutions.com. They help negotiate away a portion of your debt so that you have less to pay back. I've used them for one account so far and I only had to pay back 59% of what I owed. But their fee is 15% of your debt, so in actuality,
s | Dec 18, 2007
I reccommend CreditSolutions.com. They help negotiate away a portion of your debt so that you have less to pay back. I've used them for one account so far and I only had to pay back 59% of what I owed. But their fee is 15% of your debt, so in actuality,
s | Dec 18, 2007
How bad would it be if I use one of these debt consolidators?
Oct 16, 2007 by GERARD C | Posted in Personal Finance
My uncle will let me borrow 45K w/ no interest just pay him what I pay every month to credit cards (which is 500.00 per mo.) Or I could try n chop down my debt w/ debt consolidators and pay off the remaining debt and invest the rest of my uncles money.
I would not borrow that amount from family. In my experience money and family don't mix. Also, you run the risk of putting money back on those cards and getting into the same position but now you have a payment to your uncle to. I used a company called
Blondie | Oct 16, 2007
What is the best way to get rid of credit card debts? Any experience with debt consolidators?
Apr 19, 2009 by | Posted in Personal Finance
My husband has inherited a huge amount of debt from his ex-wife and still paying it off until this time. I'm wondering if there is anybody here who has experienced the same and had dealt with a debt consolidator in the US. Appreciate every single answers
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
Jeanne R | Apr 20, 2009
debt consolidators news
Consumers to use tax returns for debt relief
18.05.12
Consumers have generally been more conscientious about trying to reduce their outstanding debt since the end of the recession, and that has become particularly true in the last year or so. But some experts also say that recent increases in balances and card use in general may be a sign that consumers, feeling better about the state of the economy, are turning back toward pre-recession spending habits. Meanwhile, others argue that those increases, which also included more charge offs and delinquencies, are the result of seasonal spending shifts observed
Source: Debtmerica Relief
debt consolidators about
Good Credit and Bad Credit Debt Consolidation Loans
Digital News Report - Apr 28, 2011
– Americans have been racking-up billions in debt over the last several years, many of them transferring high interest loans into other financial instruments. Citi Financial offers a wide variety of debt consolidation loan products,
Debt Consolidation through Personal Loans
Personal Finance Bulletin - Apr 27, 2011
Debt consolidation is an option for those who have less than perfect credit. Consumers are considering the use of personal loans to take care of debt. Those with a low credit score are likely to find it more difficult than they thought.
Could A Debt Consolidation Loan Help You Save Your Credit
Daily News Pulse - Apr 24, 2011
Many consumers, mistake a debt management plan for a debt consolidation program. Debt management is often a good solution for consumers who are in debt because it is not a loan but a consolidation of debt
Consolidate Debts With Bad Credit Debt Consolidation
Connectus.net (press release) - Apr 19, 2011
Bad credit debt consolidation has become very common these days. Many people consider this option because of the increase of overdue over a period owing to non-payment of interest on monthly basis. If you too are considering the option of credit card