Oct
10
Suggest a good credit/debt consolidation company for me?
By
I’m in NYC and don’t know how to go about choosing a company (one that’s approved by the federal gov’t) that will help me get my credit back on track.
Sell and Rent Back
Can anyone suggest a good, reputable debt consolidation company?My fiance and I live in Ohio and I’m trying to help him find a good debt consolidation company. He’s gotten some suggestions from a person he works with, but...
What is the best debt consolidation company? I am in a 14 grand CC debt?I dont want my credit score to go down. but i keep paying my CC and its like nothing is changing.Sell and Rent Back...
Need advice on a good debt consolidation company that can help me?Hello, Im in much credit card debt, around $40,000, and was wondering if someone knows of a good reputable debt consolidation company that can help me, Thanks.Sell and Rent Back...
Does anyone know a non-fraud debt consolidation company that i could use?15k in credit card debt, 17K in personal student loan debt, 15K in government student loan debt, 15k in car loan debt. All im trying to do is consolidate my...
what is the different between consolidation company and debt free company like Creditsolutions.com?I called creditsolutions a minute ago and they told me that they are not a consolidation company. I told them that I have a debt for 16,000. They told me...
Leave a Comment
You must be logged in to post a comment.
3 Comments
October 13th, 2009 at 1:52 pm
I was thinking about consolidation then I found out about setting up payoff plans with my Cards.
Basically they turn off your account, lock you into monthly, automatic payments, and….. drop your APR to as low as…… wait for it…. wait for it…… 0%!!!!!!
I had cards that wanted $250 monthly payments and since I’m so bad at just making the payment I would always get late payment charges so my APR was so outrageously high, I don’t even want to know how high it is. Now it’s 0%
example…
The last card I did this with called me about 5 days ago to get my payment which was 2 months behind so they wanted about $280.
I asked to set up a payoff plan.
They asked how much I wanted to pay a month.
$100 I say.
She clicks away on her computer and says that now I’ll be paid off in 2 years and 8 months with 9% interest.
I said that my other card was giving me 0% interest, can I get the same?
She checks her computer and says yes.
This actually decreased my pay off time by 2 months!!!
All I have to do is make sure I have that $100 at the time of month I specified in my checking account and they take the payment automatically . They set up 1 year at a time. Then they call you in 11 months I guess to set up the next year.
This is saving me a huge amount of money in interest rates and late fees. Plus the cards are turned off so nothing can ever be added to them again.
Make sure that if they ask you any questions that you exaggerate your earnings and spending. I added a bit to how much money I make and subtracted a bit from how much rent I pay. They want to see that you have enough income to pay your debt and if you don’t make enough, you won’t qualify for some insane reason.
debt consolidation places basically do the same thing but I don’t know if they can get you down to 0%. PLUS they charge you money one way or another.
I only wish I would have figured this out earlier.
October 13th, 2009 at 4:46 pm
How about I recommend something much better?
Credit repair. Debt consilidation and credit counseling can KILL your credit. CREDIT REPAIR IS THE ANSWER!
Improve your credit, improve your life:
October 15th, 2009 at 3:45 pm
If refused by your bank, you may try to go with a major company : Citi Finanial, Bank or America…
Good luck !