Credit Money & Life
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The company he is referring to is not an actual consolidation. Its just a company that he pays to tell him what to pay each month. It is really a waste of money.
You can get the same information off of any website when you type in debt calculator. CNN Money has a good one.
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Tue Jul 13, 2010 9:36 pm |
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pwsolutions
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quote:
Originally posted by Stuartthomas
one of my friend got a great help from one of the leading debt management firm..he is not able to clear all his credit debt..also they reduces the payment he is now paying..
Debt Settlement is a good option, no doubt. but it needs care and full concentration. before you go for debt consolidation, make sure that you are enough flexible in monthly expenses and cooperate with your wants and unnecessary needs.
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Wed Jul 14, 2010 5:42 am |
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gillian12shaw
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Thanks for the tips. I generally use these brushes for all my last time edits. Keep them coming.
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Mon Jul 19, 2010 5:06 am |
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Credit Money & Life
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| Re: reply |
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quote:
Originally posted by pwsolutions
Debt Settlement is a good option, no doubt. but it needs care and full concentration. before you go for debt consolidation, make sure that you are enough flexible in monthly expenses and cooperate with your wants and unnecessary needs.
You are right on point. Also make sure that the Debt Settlement Company you work with is an actual Law Firm and in the event that you get sued, that the company will have an attorney represent you in court.(Get it in writing in their contract)
Don't fall for company traps that they are a "Attorney Based Program" where the attorney there just reviews your file and thats it.
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Mon Jul 19, 2010 9:46 pm |
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sl423
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| Re: debt consolidation? |
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quote:
Originally posted by lucyjrobert
I have a lot of loans that piled up during college--does anyone have advice on debt consolidation? I was looking at a program called Debtwise that is supposed to help. There is just so much information out there it is really overwhelming.
Lucy,
If these are student loans (federal specifically), just use the government staffed website to do this. The application is free, and it takes around 45 days to go through. I just submitted mine not even a week ago.
I would read all the materials it says to read before you start just to make sure you do not miss anything, because if you do they might make you start all over again.
Here is the link: http://www.loanconsolidation.ed.gov/
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Tue Aug 10, 2010 1:04 pm |
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genniechan
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The key to repairing bad credit is to write a properly formatted letter of dispute to one or all of the credit bureaus and send them out via registered mail.
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Wed Aug 11, 2010 4:28 am |
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teal1066
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You are right really debt consolidation is a wide topic to discuss.But it can be helpful when you are in credit.
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Tue Aug 31, 2010 2:15 pm |
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moonraker1
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Debt consolidation can be done with the help of personal finance through instant payday loans with minimal obligations and fast approvals.
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Tue Sep 07, 2010 10:01 am |
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Financial Advisor
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Whether a person should choose debt consolidation or not depends entirely on him and his financial condition. The purpose of debt consolidation is to help people who are struggling to balance multiple debts with varying rate of interest. With a single payment each month, it would be easier to manage your finances and save money. However, if you continue with the poor spending habits that landed you in debt, then there is no point consolidating debt. Moreover, consolidation is for people with relatively small amount of debt. If you are knee deep in debt then look for other debt relief options. I haven't heard of debtwise before; so can't advise you on that.
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Thu Sep 16, 2010 12:55 pm |
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CaliChristian
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You might want to consider contacting a non-profit credit counseling service. Yes, there may be a small fee, but they are usually able to lower your interest rates so that your money is going toward paying off what you owe, instead of going toward revenue for the company. I hope this helps, and please let me know if you have any questions!
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Thu Sep 16, 2010 9:24 pm |
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Jammy
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| Debt consolidation companies |
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You can try out some Debt consolidation companies. I haven't used them yet, but I have heard a lot of good things about them
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Fri Sep 17, 2010 4:48 am |
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riccky4787
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You can also hire SEO professionals
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Tue Dec 21, 2010 11:14 am |
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marketeye
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You have to make sure you can fully commit to meeting the payments as you could risk losing your property for collateral. Although debt consolidation can make your payments more manageable as you only get to pay a single creditor and at a lower interest rate, the loan will be secured against your house or car. Your property can be seized by the lender if you default.
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Mon Feb 07, 2011 8:56 pm |
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Eric80
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Debt consolidation im sure you know by now is grouping all together existing debts into a single loan. But you need to assess your situation as if your debts are over �12,000 - �15,000 then and IVA (Individual Voluntary Arrangement) might be better. Its best to search online for debt management companies and speak to specialsied advisors so you can get the best help for your situation.
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Thu Jul 28, 2011 3:00 pm |
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