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 Posted: Mon Jan 22, 2007 6:02 pm Subject: How does this effect my credit. |
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I am not late on my credit card payments, no over credit limits but owe 70k. If I decide to go through this program, how will it effect my credit? I several credit cards at a 0% interest right now that are max. out.
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gracesvelasquez
Joined: 22 Jan 2007
Posts: 1
Debtcc Points: 45
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| Posted: Mon Jan 22, 2007 6:05 pm Subject: debt |
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Grace take advice from the counselor that will be calling you its free and they deal with debt issues dailey. Hope they can come up with a plan thats right for you. Best Wishes KYSIDE38
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RYDERS OF THE NIGHT
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KYSIDE38
Joined: 19 Jun 2006
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| Posted: Mon Jan 22, 2007 6:29 pm Subject: |
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Welcome to the forums!
Kyside is right, the counselor that calls you soon will be able to help you. They can set up a plan that can get those cc payments under control and keep your credit rating high.
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"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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| Posted: Mon Jan 22, 2007 7:17 pm Subject: |
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With mine it did not affect me much but I did no have zero intrest either how far behind are you? MONEY debt management did mine and they are doing a good job so far. It stopped late fees and stuff and I am now paying towards the principal.
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IN DEBT, BUT STILL BLESSED...
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TASHA_MOSELEY
Joined: 16 Aug 2006
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| Posted: Tue Jan 23, 2007 5:39 am Subject: Yeah |
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Listen to the advice these people give it has made a difference in my life and I am sure many others.
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rmjacobs
Joined: 08 Jan 2007
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| Posted: Tue Jan 23, 2007 3:10 pm Subject: |
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The main advantage of taking the program at this stage will be lower interest rates from what you are paying at present. You will have a reduced payment plan. If you are expecting to miss the payments in the future, this program will be the right choice at this moment. The creditors always rate you at the highest if you can manage payments on your own. But if it's a problem doing it, consolidation is much better than leaving your accounts in delinquent state and then catching it up later, probably through this program only.
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PassionHunting
Joined: 30 Jun 2006
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