Sep
04
What is the best Debt Consolidation Company Out there?
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I need to Consolidate a loan and a few credit cards. Whats the best Consolidation Company Out There?
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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...
What is the best debt consolidation loan company?My credit is not that good its actually poor. I am only $20,000 in debt but would like to consolidate both my credit cards and car payment. I would like...
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...
What’s the best debt consolidation company or group to go with?I have one credit card with a $9,226 balance and another one around the same price. I was wondering what company is best for me to consolidate both these bills...
any suggestions on a debt consolidation company?I am looking for a debt consolidation company that isn’t out for money like the credit companies. I have paid off over half of my cards and lack another four,...
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1 Comments
September 4th, 2009 at 3:21 pm
Debt consolidation companies are for suckers. Do not waste your time and money.
Pick your highest interest rate loan and or credit card, pay only the minimums on those with the lower rates. Throw every penny you have at the highest interest rate loan until it is gone, then pick the card with the next highest interest rate.
Do not get any more credit cards, do not take out any more loans, use cash only. Set a goal that you want to reach (own a home, save enough to buy a beach house in retirement) and any time you want to buy something you don’t need, remind yourself of your ultimate goal.
This means give up all your extras: cable, cell phone, dining out…right there you would probably have an additional $200/month (100 cable, 40 cell, 60 dining out). Less obvious items: buy only generic, stick with canned meats vs fresh, cut out coupons and grocery shop on double coupon days only. Stay home, don’t drive anywhere you don’t have to, walk.