Consolidation helps to remove Bad Credit
Debt burdened people today are becoming more dependent on debt consolidation due to its effectiveness in rescuing a person from debt. A person must have a clear understanding about his present financial position. He must be aware of the credits he owes to different creditors.
After verifying his credit bills if he realizes that he can afford to pay it back he needs to organize the plan. But in case he feels that the credit amounts are beyond his affordability means, he should immediately get in touch with a debt counselor and seek debt help. This enrollment does not cost a single penny to the debtor. It is a free counseling session where the debt consolidation counselor makes him aware of all the possible options and lays a plan in front of him. It is now for him to choose.
Debt Consolidation Bad Credit
Don’t lose hope if you have bad credit. Even when it seems impossible to pay back your debts under the present situation, debt consolidation is at your aid. The first step you must take is to apply for free debt counseling. The counselor will analyze your financial status and design a debt consolidation plan for repayment of loans. Then he will approach creditors and negotiate on payments. Generally creditors aim to reduce the total debt amount by 40% to 60% and sometimes even higher. On successful elimination of debt amounts, the debt counselor shall consolidate the rest of the amount into small monthly installments.
Get Help from Debt Consolidation Firm
You may not believe, but it’s true; it doesn't cost anything to the debtor. The reason is, if you apply for bankruptcy the unsecured creditors often receive nothing. Also, in order to get back the money they need to spend some dollars. Considering all these costs, the creditors allow a reduction on debts and also pay the debt consolidation firm for helping them.
Get Debt Consolidation for Bad Credit
It's time you forget your debt worries and try to relax. Trust us and allow us to sweep you into a debt free world. For a sound knowledge in this area and to enroll for free counseling log on to www.debtconsolidationcare.com
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10-15-2005, 10:31 AM
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Sub:
Consolidation helps to remove Bad Credit
I'm not sure if it's been put out there already but I just found out that Discover Card is not participating in any consolidation programs at this time. I was advised it would be 45-60 days before they would be considered again. Just for info!
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10-15-2005, 12:28 PM
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Sub:
thanks for the info.
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10-15-2005, 03:26 PM
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Guest
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Sub:
Dsicover
I am ashamed to say I did not have a good job and never paid my debt to Discover, now more than 5& 1/2 years late some Credit service wants to make a deal for the amount. Anyone knows what is the Statute of Limitations for the state of Massachusetts ?
Help
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10-15-2005, 03:40 PM
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Senior Member
Join Date: Mar 2005
Posts: 4,127
Credits: 51,504
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Sub:
Hi Anna
The statute of limitations in Massachusetts is 6 years on oral as well as written contracts. When did your account show last activity? If it is 5 and 1/2 years, the SOL is about to expire. But paying off the debt will be always better. Since your credit file is already tarnished, you can try to repair the bad credit by paying it through the consolidation programs. This will ease your monthly payments. Regards Roxette __________________
Debtconsolidationcare offers free counseling and help, please avail the services before taking any major decisions.
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10-20-2005, 08:53 AM
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Sub:
I joined a debt consolidation program and Discover card is involved. I just joined a month ago and just gave Discover card the dc company's phone number this week. Citibank was the only card that would not agree to the proposal. hmmmmmm
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