Archive for the ‘debt consolidations’ Category
March 2nd, 2010 | 
Author: 
DebtI’m really trying to get in control of my finances. I’ve had to depend on credit cards for things like food and toiletries. I never used them for anything other than for survival.
They’re all maxed now and at ridiculous interest rates as high as 29%. I barely make the minimum payments and so I’m never really paying anything off, just getting deeper in debt. I’ve seriously been considering debt consolidation, but I’m so fearful of getting screwed over and that is the LAST thing I need. I was wondering if you had any advice or knew of anyone reputable.
All i know is what worked for me.. I USE to have bad credit and I came on YA with the same question about 3yrs ago, I read a post from someone and went to a site that really saved my credit…. but they do charge a fee. I would not trust someone that said they didnt..but they helped remove so much from my credit that I really didn’t feel like it was a fee… i dont know if you get what i am trying to say but just trust me these guys are professional and my score went from 500’s to 678… so if you are around there i am sure this will work for ya..
http://www.AmericaDebtHelp.tk
Debt consolidation can be beneficial for those who would like to create a new loan from all of the debt they have accrued, but contacting each collector first to work out a payment plan can be advantageous. Understand how debt consolidation works with advice from a licensed financial planner in this free video on personal finance.
Expert: William Rae
Contact: www.hbwfl.com
Bio: William Rae has been licensed in the insurance and financial fields for over 30 years.
Filmmaker: Christopher Rokosz
Duration : 0:2:33
Posted in debt consolidations | 
Tags: advice, consolidation, credit, debt, finance, money, personal, relief, reports | 
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Does anyone have experience with debt consolidation? How fast were you able to pay off your debt, and how long is your credit score bad .
I know that there are different types of consolidation, and that some are scams. Does anyone with a successful consolidation have information?
I work for a credit education company and we don’t recommend that anyone use a debt consolidation company. The reason being is that when those companies consolidate your debt you lose all your credit history. For example, if you have 10 bad credit cards that you’ve had for 5 years each and you go to debt consolidation agency, what they do is close those 10 cards and put all of that debt on to one card. So instead of you having 10 cards with 5 years history you now have 1 card with 1 day of history. Your history makes up about 15% of your overall score. There’s alot of great information on our site (ficofics.com) and we also offer various credit improvement packages. If you have any questions feel free to contact me.
I am in debt and I need urgent Help I want to save my credit. Someone please help, my credit is already damaged I need urgent help.
There might not be any. Today’s Wall Street Journal had numerous complaints about people who were told by the biggest and best Consolidations COmpanies to turn over all their debts. Then things got worse very fast.
American Express will not work with any 3rd parties. They will only talk to you. The others are getting to be similar. I think you can do this yourself..
I am planning to take debt consolidation loan but want to know some information. How can I find the secured debt consolidation loan?
You can find the secured debt consolidation loan easily.
First it should have rates on secured loans are lower.
Next it should have smaller amount of monthly payment.
Ability to borrow to another amount.
It should not have longer repayment terms.
It should not have high risks if unable to maintain payment.
I need a reliable trustworthy debt consolidation service quickly. I’ve heard that most advertised agencies are to be avoided.
Try out A+ Financial their interest rates are really low and the payment are cheap. They even have free advisors come to your home to discuss it all with you. Depending on your debt ratio you might need a co-signer but it is a really good company… I went from paying 870/month on debt to 246/month for 5 years. Their rates are lower than 6%
I owe on 3 credit cards. One is starting to fall behind on the payments as its too much to pay. Which route is the way to go? Debt consolidation or contacting creditors & explaining that I was living beyond my means & now I am having trouble paying.
On the one card I’m having trouble with (Chase), my monthly balance is $299 but I can afford to pay $180 a month to them. I’ve heard horror stories where people get the WORST treatment when they try to set up payment plans with credit card companies. Do most companies decline an offer of a payment arrangement? I can get back to more payments in January or February but now is hard.
Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.
A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn’t undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder.
When a person approaches a credit counseling agency, the first thing it will do is to take stock of the situation and get various facts about the credit card debt. The credit counseling agency collects data about the income, expenditure and spending habits. It will guide the credit card holder about budgeting benefits and try to inculcate good financial habits. Read more from: http://www.credit-card-gallery.com/article/353,Credit_card_debt_consolidation_and_credit_counseling_great_tools_to_get_rid_of_credit_card_debt
Should I go to a debt consolidation company or work it out amongst myself?
This calculator may help you. Enter your debts and it will help you calculate the payment for a debt consolidation loan and it will compare that to using a debt elimination strategy so you can see which is best in your situation.
http://debt.bizcalcs.com/Calculator.asp?Calc=Debt-Consolidation
This calculator uses the debt elimination strategy used in the one above, but gives you a monthly payment schedule using your debts and how much you can pay.
http://debt.bizcalcs.com/Calculator.asp?Calc=Debt-Elimination
Good luck eliminating your debt!
There are many ways to reduce debt. Learn strategies to reduce debt from a registered financial consultant (RFC) in this free personal finance video.
Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC
Duration : 0:1:20
Posted in debt consolidations |
Tags: agencies, card, cards, consolidation, credit, debt, eliminating, HELOC, mortgages, ratings, reducing, reporting, scores |
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