debt consaladation

i am from singapore can i join debt consaladation ?

YES you may join the forum...but I think the DCC Programs are currently only for those living in the USA.

Jerry

Hi agho,

You can only utilize their services if you are settled in US, but we all welcome you to the forums.

Take care and wish you all the best on behalf of the forum community.

Cheers,
Faithful buddy

Hi agho

Although the services cannot be provided to you staying at Singapore, but you can definitely discuss the issues as debt is a very common and over growing problem all over the globe.

You can join in the forums, participate in the community events, and enjoy some benefits and also encash your points through your postings.

Looking forward to have you with us on the board

Regards
Roxette

I have fallen behiend in alot of my bills and I need help. But the problem is that my credit is bad because of late and past due bills.

Hi Diane

Welcome to the forums. No matter, your accounts are late, debt consolidation program will be a fruitful decision to bring all the defaulted accounts in the 'current' status and ultimately offer lower repayments towards your debt.

After all the accounts are paid in full, the creditors will report your accounts as 'Paid in Full' to the credit bureaus and you will be able to acquire your credit worthiness in the future.

Debt consolidation program will also minimize the total amount of your debt by eliminating all the financial charges and the late fees so that you are comforted with the reduced amount to be paid.

http://www.debtconsolidationcare.com/benefits.html

You can enter for a free counseling in this website and know your various options on how to become debt free within a quick period of time.

Regards
Roxette

does going into a cebt consolidation program hurt your credit rating?

I believe initially it does have an impact on your credit report, but after making monthly on time payments over time you should see some improvement on your scores. Other's will be along to advise you that are more familiar with this than I am.

ladybug

I agree with Ladybug. The lady at Chase (*shudder*) said that in consolidation program the card will be closed-that would hurt my credit (that & being WAY behind would hurt combined). But my counselor said that after you make payments, the accounts are marked current & after you make regular payments it should be reflected on your credit report.

lee lee, so you are saying that when I go into consolidation the accounts that I want to consolidate will be closed and the the will work out a plan?

Sorry I missed you guest!

I don't know if its with EVERY consolidation company, but the one I'm with-here's how it went. I entered the program. I called Discover & told them I'm entering into the program. They took the information. About 2 or 3 weeks later I get a letter from them saying that since they were notified that I can't pay my bill & I've entered into a program (I think they called it "3rd party payment arrangement) they are closing my card. I called my consolidation company & they said this was typical and its going to happen to my other cards in the program.

The plan we worked out was before I called Discover-so they could figure out what they were going to pay Discover & what they are going to pay Chase. The amount I send to the consolidation company COULD change-that's only if a creditor wants more money as a payment.

Hi, cool post. I have been wondering about this topic,so thanks for writing.