Debt Consolidation

Debt Consolidation – 129 World Class Expert Facts, Hints, Tips and Advice – the TOP rated Ways To Find the Debt Consolidation opportunities you’re loo

Information is power – you know that. But, how do you research the best Debt Consolidation strategies, without spending too much of your time (and money) on it? The average person earns $ 1100 per week, which equates to $ 27 per hour. Trying to do the research yourself would take you at least 5 hours to come up with the best information, AND you-ll have to do this on a regular basis to come up with the most up to date and current information. There has to be a different way to find the info y

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Learn about the pros and cons about the various debt consolidation options and see why Freedom Debt Relief has the best option to tackle your debt problem.
Video Rating: 4 / 5

Some of the principles behind consolidating your debt explained.
Video Rating: 4 / 5

www.OutOfDebtToday.com Simply put, debt consolidation combines all of your debt and rolls it into one loan package. You wind up refinancing that debt with a lower APR. This leads to a lower more manageable monthly payment. A big benefit here for someone who is barely able to scrape by…

www.debtplan.org Debt Consolidation can Help avoid filing bankruptcy Eliminate creditor harassment Lower debt payments up to 50% Provide one monthly payment Once you’ve found yourself in debt it may feel like a downward spiral from which you don’t know how you’ll ever regain your footing. It’s hard enough to find simple answers and may seem impossible when the collection agencies constantly call your house and threaten the security of you and your family. Ultimately your decision to choose a debt consolidation loan or credit counseling program to consolidate debts, should be based on your own personal financial situation.
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www.bills.com Learn about your debt consolidation options, including mortgage refinance loans, debt settlement, and credit counseling in this video hosted by Brad Stroh, Co-Founder and Co-CEO of BIlls.com. Debt consolidation options include refinancing your mortgage to pay off other debts, receiving credit counseling, or reaching a debt settlement with your lenders. Bills.com Co-Founder and Co-CEO, Brad Stroh, reviews when each of these options is appropriate and how each will affect your credit rating. He also reviews the long-term costs of each option. Before choosing one, determine whether your goals are lower payments or paying off the debt faster, and then contact a reputable provider to begin the process. Visit Bills.com for more personal financial advice and information.

Question by Melanie B.: Debt consolidation?
I have about $6,500 worth of debt, my income after taxes is about 21,000 a year. Most of my creditors have closed my accounts (all of my credit is maxed out). I recently got my FICO score and it is 529 (very, very poor). I have called some companies that specalize in debt consolidation and I have been told that I do not have “enough debt”. I talked to a professional about bankruptcy and was advised against filing because I do not have “enough debt”. I am a renter, and do not have any assets that could be held for collateral. With my credit score being the way it is, and closed accounts on my credit record… what are my options?

Best answer:

Answer by Rick B
You don’t need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself!

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don’t eat at a restaurant until your debts are under control.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get “The Total Money Makeover”. Read it and follwo it carefully.

Go check out Dave’s website as well.

www.daveramsey.com

Add your own answer in the comments!Question by j_A: Debt Consolidation?
I recently purchased a home (3 months ago) and financed 100% of the home. At this point I do not have an equity in the home. I am currently looking for a way to consolidate some of my debt to lower my rate, lower my payment, and ultimately pay off the debt sooner. I have 1 car loan, 1 personal loan, and 5 credit/store cards that I would like to consolidate totaling about $16,600. My FICO score is currently 686, and I am on time every month with all of my bills. I have paid all bills on time (most of the time more than the minimum) for more than 3 years straight. My problem is that my Debt to Income ratio is probably too high for most lenders to consider me for a consolidation loan. What can I do to consolidate ALL of my debt? Any feedback would be appreciated.

Best answer:

Answer by Bard
Hi,

Check out http://financeguru.consumerspot.info for some useful info and tips on debt consolidation. Good luck!

Add your own answer in the comments!Question by A B: How can I get debt consolidation with hospital bills and non credit card debt?
I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can’t find anyone who does debt consolidation without credit card debt. Any suggestions?

Best answer:

Answer by hippytreehugger4ever
Call the hospital and see if they have any programs that can help. Last month when I ended up in the ER with my gallbladder we got put on a payment plan where we only pay off $28 a month until the bill is gone. The surgeons office also worked out a plan where we actually only have to pay half of what the bill would have been (because my dingbat husband cancled our health insurance back in May *smacks head against wall*).

Know better? Leave your own answer in the comments!Question by lexis wyers: What is the best debt consolidation company at the moment?
I have over 10,000 dollars worth of credit card debt. should I consider consolidating?

I can afford the payments no problem, but in the long run, the interest may be more than what I could have paid if I was in a debt consolidation program. Does that make sense to you? Thank you for your time.

Best answer:

Answer by Mark Forester
http://debtreliefreviews.net/top-debt-consolidation-companies/ has good information and several reviews for debt consolidation companies.

What do you think? Answer below!Question by Sophia Galen: Does debt consolidation work and help improve your credit score?
I am really bad with paying bills and my credit has taken a hit these past couple years. I make enough money where I should be able to pay everything with no problem but for some reason I continue to struggle. Do you think a debt consolidation would be best for me and to help me improve my credit score? Does this really work?

Best answer:

Answer by Lawyer
Try this site

http://Best-Financial-Consultation-USA.info

Here you can find the best debt settlement specialist that available in your area for free

Add your own answer in the comments!Question by Franc Carey: What is the best debt consolidation company?
I am looking for the best debt consolidation company to help get me out of the mess I am in. Suggestions?

Best answer:

Answer by Kurt
i tried CCC whatever

i tried Powers and associates

Know better? Leave your own answer in the comments!Question by Russ M: How do you know which debt settlement or debt consolidation program to choose, when theirs 1000′s out there?
How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what its called. How can you see the results and reputation of the debt settlement program or debt consolidation program.

Best answer:

Answer by thisMatter.com
You can choose providers certified by the United States Bankruptcy Trustee, even if you are not filing for bankruptcy. These companies are screened by the United States Trustee for quality and effectiveness. Below you will find relevant links.

What do you think? Answer below!Question by anitra flanders: What is the best debt consolidation service?
I have a few credit card that are past due and I’m not able to make the payments.

What is the best debt consolidation company to use?

Keep in mind, I’m not a home owner.

Best answer:

Answer by Complete
don’t use any debt reducing companies, just burn the credit cards or bury them. fly to a country. case solved.

Know better? Leave your own answer in the comments!Question by paulene gillette: What is the best site for Christian debt consolidation? Is it better than regular debt consolidation?
I have 3 different credit cards that now have over 20% interest rates because I was late on one payment. I have heard that Christian debt consolidation might be a better option than regular, but I want to make sure I select a company that is reputable.

Best answer:

Answer by Debtgurus
Honestly, most companies out there offer the same type of services. You are doing the right thing by looking for more of a reputable Debt Consolidation Company. They key thing is to find out how long they have been in buisness. If the company has just started up, i would really avoid doing business with them.

Add your own answer in the comments!Question by Clint P: What is the best website for Christian debt consolidation?
I have been reviewing different websites for help with my credit card debt. Because of religious beliefs I am hoping to find someone that can offer Christian debt consolidation. Does anyone know who are the best Christan debt consolidators?

Best answer:

Answer by kelli i
i don’t know…but i would like to find that out too. i guess ask around. ask your Pastor about it. he might have some connections.

Know better? Leave your own answer in the comments!Question by jimmyaven: What are the advantages and disadvantages of debt consolidation?
I have two credit cards that I have used over 5 years ago and never paid back. The total of the two cards FIVE YEARS AGO was $1000. Of course, by now, it should be close to $3000 because of all the interests.

What does debt consolidation do? More importantly, can it REALLY remove or reduce the interest that built up over the last 5 years?

When doing a search for debt consolidation services, I get THOUSANDS of results. Which debt consolidation services are better?

Detailed answers would be appreciated.
Update: Am I correct to assume that if I leave the debt as it is, I can have it completely wiped off my credit card two years from now as if it never happened?

Best answer:

Answer by Idiot_Savante
Hi, Jimmy:

First, I already answered a related question, so I’ve copied that answer below after the dashes.

If your number one objective is to simply improve your credit, you could just wait it out for another 2 years until the debt is 7 years old. You can then ask for it to be removed from your credit report. If this is your objective, then don’t pay the debt. Records on your credit report are good from 7 years of last transaction so any payments or charges you make resets that 7-year clock.

Personally, I’ve never used a debt consolidation company because I’ve felt capable of trying the same tactics myself. Granted, these companies are professionals and may get special “deals” and privileges that I wouldn’t get, but I’ve still been pretty pleased with my own results.

Before using a debt consolidation company, I recommend trying your own hand at it. Contact your creditors. Before you do, determine how much you can afford to pay in a monthly payment. Even better, if you have some money saved up as a lump sum, you can try to pay them off in a couple of chunks. The more money you can give them at once, the better your negotiating power.

If you’re in collections, ask the creditors by how much they’ll reduce the total amount owed if you pay now/in 30 days/in 60 days/within a year.

If you’re not in collections yet, ask the creditors how much they’ll reduce your total interest. Some companies (e.g. Discover used to do this) will even suspend interest entirely while you’re in re-payment. Of course, you can’t use the credit card during that time, but you’re saving money and salvaging your credit.

Good luck!
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There are several benefits to credit card consolidation:
- Convenience (only one or two payments)
- Easier to manage (less likely to forget a bill!)
- Possibly a lower combined interest rate

Generally, when companies help you by consolidating your credit cards, they contact the credit card companies on your behalf and try to negotiate a lower interest rate (you can do this on your own, by the way). Then, the companies can take one of several methods for that single consolidated payment. Options include…
- Financing your debt themselves and then THEY pay your creditors
- Helping you find a financier to consolidate your debt
- Having you roll all of your debt under one of your existing accounts and pay off the others

As such, credit card consolidation does not affect your credit rating. In fact, the results of consolidation are often positive simply because it’s easier to manage and you may pay less interest.

All this being said, I’ve never used a consolidation agency because I never wanted to pay the fees. Instead, I contacted my creditors myself and asked for the best possible interest rate they could give me, and asked what kind of arrangements I could make to manage debt. In general, they all worked with me.

By the way, here’s one thing to consider when paying off your debt: Bad credit falls off your credit report 7-10 years after your last transaction. So, if you have a liability that is 6 years and 10 months old, carefully consider whether you pay it off or not. If you touch that account at all, even if it’s to pay it off, suddenly that 7-year period is renewed. So, the choice you have to make is: Do you want something that was bad and is now paid on your credit report for another 7 years, or do you just want it gone entirely?

There are some ethical questions there, too (e.g. if the debt was yours and you were above 18 at the time, you should pay the debt to be ethical). These are questions that only you can answer. But, when working with a consolidation company, make sure they only consolidate the accounts you want them to touch.

Good luck.

Add your own answer in the comments!Question by vita griswold: What is the best debt consolidation company out there today?
I have over 10,000 dollars worth of credit card debt. should I consider consolidating?

I can afford the payments no problem, but in the long run, the interest may be more than what I could have paid if I was in a debt consolidation program. Does that make sense to you? Thank you for your time.

Best answer:

Answer by Debtgurus
You have two very popular programs out there. The first program is Debt Settlement and the second program is Debt Consolidation. Debt Settlement is designed for people that are behind on their payments or if they see themselves falling behind shortly. Usually, with that program your payments could be cut by up to half of what it is now. Debt Consolidation is different, that is designed for people that can afford their payments and just want a lower interest rate. I would look into this company www.rapiddebtsolution.com . They offer both options for you.

Add your own answer in the comments!Question by sonija: Where can I find a personal debt consolidation loan for people with bad credit?
I am in dire need of a debt consolidation loan and I have bad credit. I can make things work with $5000, but I do not know where to start. I have seen people with yahoo addresses claiming they can loan money but they sound fishy as it is not a company email, their emails always seem to be yahoo. Any info will help. I fell on hard times and am now able to pay my monthly bills but I cant seem to catch up what I fell behind on. PLEASE help asap. I have a 5yr old and I do not want him to suffer us loosing our home or car.

Best answer:

Answer by sweet
Have you tried your banks in your area?

Know better? Leave your own answer in the comments!Question by Franc Carey: What do debt consolidation companies offer to people who are in debt?
Can anyone tell me about debt consolidation companies and their services?

Best answer:

Answer by hollifieldrobert
yes there a rip off and your debt score will reflect a bankrupcy when it all over if you want to get out of debt and stay out of it search this name dave ramsey and start listening to him on the radio it wont be easy to get out of it but it can be done and remember the borrower is slave to the lender debt is dumb cash is king

Know better? Leave your own answer in the comments!Question by courtney adamitis: What do debt consolidation companies offers to people who are in deep debt?
Can anyone tell me about debt consolidation companies and their services?

Best answer:

Answer by Irv S
Basically, one large loan to cover all your smaller debts, long term,
at a more managable interest rate.
(Since credit cards etc. can run about 20% real annual interest, this CAN help.)
They may also be able to negotiate the forgivness of some ‘penalty’ fees.

Give your answer to this question below!Question by nariko sapp: What do debt consolidation companies offer for people who are in debt?
Can anyone tell me about debt consolidation companies and their services?

Best answer:

Answer by scaramonga
a chance to end up worse than you were.

Give your answer to this question below!Question by marina allred: What do debt consolidation companies offers to people who are in debt?
Can anyone tell me about debt consolidation companies and their services?

Best answer:

Answer by Lefty
Lower interest rates

Give your answer to this question below!Question by crazyone: What is a good, reputable debt consolidation company?
I am thinking about doing debt consolidation, but am confused by all the different companies out there. I have heard that there are a lot of shady companies. Does anyone have some helpful advice. My debt is not a huge amount ($6000), but I am tired of paying and paying on them and never seeing a difference on the balances.

Best answer:

Answer by ltllady08
Have you tried going to your bank/credit union? Or you can try Citibank Financial. Its all going to depend on how your credit rates with the loan companies.

Add your own answer in the comments!Question by debrah mortensen: 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’ve raised the payments and dropped the limits so there’s no chance I’ll catch up. I want to do debt consolidation but most companies Google brings me are a scam. I know it ruins your credit, but 8 90+ past due accounts does that too. I’ve been unable to work out plans with them or find a second job. What is a reputable company?

Best answer:

Answer by Been There
Check with the Better Business Bureau.

http://www.bbb.org/

There are so many direct scams and ‘organizations’ purporting to reveal scams but are actually scams themselves. Be careful!

Know better? Leave your own answer in the comments!Question by j–fer: Give the benefits of debt consolidation loan?
I am planning for a debt consolidation loan. I want to know the benefits of the debt consolidation loan.

Best answer:

Answer by Judy
Google:
Debt Consolidation Complaints, Scam, Rip-off.
Please do this for me – do your research.
There is nothing these companies can do for you that you can’t do yourself for free.
They will not work for free – no one does – they will get rich from you.
/

Give your answer to this question below!Question by geri worth: What is the best debt consolidation company out there?
I am looking for the best debt consolidation company to help get me out of the mess I am in. Suggestions?

Best answer:

Answer by Debtgurus
You have two very popular programs out there. The first program is Debt Settlement and the second program is Debt Consolidation. Debt Settlement is designed for people that are behind on their payments or if they see themselves falling behind shortly. Usually, with that program your payments could be cut by up to half of what it is now. Debt Consolidation is different, that is designed for people that can afford their payments and just want a lower interest rate. I would look into this company www.rapiddebtsolution.com . They offer both options for you.

What do you think? Answer below!Question by antoinette sundholm: What is the best debt consolidation company in Texas?
I am looking for the best debt consolidation company to help get me out of the mess I am in. Suggestions?

Best answer:

Answer by kailey ritenour
If you want

* over 50% of your debt negotiated away
* become debt free as soon as possible
* Avoid bankruptcy
* reduce your total debt balanced
* one affordable monthly combined payment
* home ownership not required
* free quote with no obligation

Check this site,

http://Debt-Consolidation-USA.com

Here you can get free quote from all debt specialists that available in your area. It’s free and fast

Give your answer to this question below!Question by RONALD L: what is the best debt consolidation company?
I am looking for the best debt consolidation company to help get me out of the mess I am in. Suggestions?

Best answer:

Answer by R.A.Biddog
You cannot borrow your way out of debt. Try one of the debt management companies.

Add your own answer in the comments!Question by mbjb06: 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’m in so much debt making barely and I don’t know what else to do. On payday I usually just have 100-200 dollars to myself because the rest goes to my bills.

Best answer:

Answer by Andrew K
Be vary wary of debt consolidation companies as they will often charge you very large fees and make you go deeper into debt, rather than helping you get out. This page offers some great advice on practical ways to get out of debt: http://www.mahalo.com/How_to_Get_Out_of_Debt

Know better? Leave your own answer in the comments!Question by GT: What company offers the best debt consolidation?
What company would you suggest for a debt consolidation? People easy to deal with and with good and competitive rates. Thanks!

Best answer:

Answer by thresher

http://www.nfcc.org/

Know better? Leave your own answer in the comments!