Has anyone had a good experience with debt consolidation/credit counseling?
Written By: admin on November 21, 2009
6 Comments
I am not referring to a consolidation loan, I am refer to the services that take your bills and lump them into one monthly sum. If you have had a excellent experience, which company did you use?
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Oh my god, are you going to get some spam on this question… Consumer credit Counseling is a non-profit. They are very excellent…They have contracts with all of the credit card companies that provide much lower rates.
Avoid the companies that state that they will negotiate your balances down, they will ruin your credit and will take much longer. Plus the credit card companies will still come after you anyway….
By the Way…..Jesse K and October G are examples of the spam I was reffering to…..
The BBB is a excellent place to go to research excellent companies. I recommend finding an agency serving your area that is an accredited BBB member.
try creditsolutions.com.
before you do that
read thru http://www.creditinfocenter.com
and the Federal Trade Commission website
has some excellent tips
Combination of various high interest loans into a single one, it is called debt consolidation. The aim behind debt consolidation is to reduce the payments or the interest rate. You make a single payment toward the loan instead many payments each month. This reduces your financial burden and you can have surplus cash left over. Credit counseling services offer debt consolidation loans. Check out the credentials of the credit counselor and find out if they are authorized by the government.
http://debt-trap.com/category/Debt-Consolidation-Basics.html
Hi,
I used "Credit Solutions" to settle my debt.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://shortlinks.co.uk/4cl