Bill consolidation: Get low rates and save

If I don't have copies of all my bills, how can I get started or I can't afford to get a credit report. I had a free on early this month but my car was stolen with it in there and I can't get another free one.

I have about 60k in unsecured debt . I hope that GHS Solutions is a good thing for me . Before 10/2007 had a strong credit now ? I Can not believe what has happened and how fast.

is it possible to maintain one credit card from one bank if we consolidate the remainder or will all of our credit be shut off?
Thanks!

It's best to follow the <a href="www.primerica.com/rpcunningham">Rule of 72<a/>. It has helped me out in many situations once I know how to apply the Rule.

Would like to know how many in this forum are going to settle on their own, or how many are using a company to settle. I have found out on one program up to 60 months they wanted 16,300 spread thru. On the phone the rep told me 50% to settle, then enrollment paper that I got to read before I sign only said they can get 15% deducted from the original balance. You have to be very careful how they word the percentage, Just a thought. The more info I get the better.

Forgot to say that the 16,300 was just in fees incurred to the company, that had nothing to do with the amounts I owe. The percentage explanation is in regards to the amounts of any of the debts owed.

HI Stacy 60 now if you want to go down the route of debt settlement it would be and advisable option and in this forum there are many people are negotiating settlements on their own .It is a time taking process however it gets you out of debt in a more affordable way and more over you get to pay back less and the amount you owe and this saves a lot this ,however it has a negative impact on your credit scores but i would say your credit scores can be rebuit again but the money that you are currently loosing in the finance charges are worth the compromise incase you are a busy kind of a person you can hire a professional debt settlement company do do it for you but then again they cahrge you fees however you will get out of debt without you having to go through the trouble of negotiating or may be you can apply for the free counseling and see what a debt settlement company has to say there is no harm in just listening it could be worth it at the end and they do not charge anything for the consultation but then that just my opinion correction are welcome and advice as well

Looking at your credit score debt management would be the best option for you where all your unsecured debt will be consolidated into one single monthly payment, and the debt consolidation firm will negotiate on behalf with the creditors to reduce down the Interest Rate but the Principle Debt amount remains intact and this program have a neutral effect on your credit score.

Actually debt management will have a very damaging effect on a credit score as you are not paying as agreed.

I agree. Mine went way south when I entered a DMP. So I started settling.

i think we are mixing up debt settlement and debt management out here debt settlement is paying not as agreed debt management is that we will be paying our debts as they are only the interest rates are lowered to an amount that is affordable usually about 15% apr or lower .

if that will be the case then for sure it will be a great idea then.

this one is really correct.

Has anyone seen this ad? Please tell me this guy is NOT FOR REAL!!! There are so many sharks in the water, it's DISGUSTING!!!!
http://www.youtube.com/watch?v=Hg1UFU8f2YE

sdfbadfb

Sub. # 16,

If you have $90,000.00 in unsecured creditcard debt, a non-profit debt management organization can assist you with lowering your monthly payments as Nellie advised in her article listed above.

When you speak with a certified financial counselor, a budget assessment is done to evaluate how overextened you are. Based upon the amount of disposable income you have left over, a payment quote is configured to meet your budget.

When you enter in the services as "Current" you should stay '"Current" throughout the whole duration of the services. When you deal with a company that charges "Upfront Charges', most likely you are dealing with a for-profit organization. Any company that does not disburse your payments from the beginning set up of the services through completion are companies that may hurt your credit rating.

By reducing your interest rates, alot of creditors may allow a significant reduction of your monthly payments which is turn will free up more cash flow as you are progressively paying down your balances.

Soaplady,

Just to clarify, a debt management program will not adversely hurt your credit rating as long as you stay current on the program. You are sending monthly payments based upon the modified terms the creditors accepted the proposal under so what you are advising is not factual. Some creditors may report that your accounts are being managed by a "Third Party" for going through a debt management program, however, that reporting should not be viewed derogatory on your credit report. You can also go to www.myfico.com & go under the section where it indicates "What does not affect your FICO score". That will validate what I am going over.

Sub. # 16,

I hope I was able to give you a better understanding of how debt management services work. If in need of free financial assistance from a certified financial counselor, please do not hesitate to contact me.