Jun
10

How Many Cards Can You Enter Into A Debt Consolidation Program?

By
debt consolidation

Can you enter only 2 cards into a Debt Consolidation Program?? They are both high balances…one is $7500 & the other is $8500
I’m not talking about debt negociation…just consolidating so I only have 1 payment.

Rent Back
Categories : debt consolidation

2 Comments

1

yes but rune the company on the BBB.

many companies are “non profit” but they will screw you. many will pay late, but your credit will suffer. and forget about suing because there is an arbitration agreement in the contract you sign that basically says you will go to where they are (probably florida) and go before an arbitrator who will decide who wins. you can expect to pay about $3,500 for your half of the arbitration. call each company you owe and deal with them directly.

2

Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.

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