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 Posted: Wed Jan 31, 2007 8:03 am |
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I need to consolidate approximately 40,000 in debt in the best way possible. I am starting to have trouble keeping up with the payments
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khomit60
Joined: 31 Jan 2007
Posts: 1
Debtcc Points: 33
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| Posted: Wed Jan 31, 2007 2:34 pm |
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Take quotes from different debt consolidation companies. Compare the interest rates they will be able to negotiate with your credit card companies. If your accounts have already defaulted, most late fees can also be waived off in the program. Once you figure out the lowest repayment plan offered by the consolidation company, research them with your local AG office and the BBB. You must make sure of signing up with a reputed company.
Once you fill up the application form in this website, a counselor is referred from your area to discuss on your debt issues.
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Bridget
Joined: 03 Mar 2006
Posts: 351
Debtcc Points: 4963
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| Posted: Wed Jan 31, 2007 4:23 pm |
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Another option may be to cut back on expenses more, or take a second part time job. Then you can pay a larger chunk of what you owe each month, and you won't have to worry about being behind . . . . But in some cases that just isn't an option . . . .
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111639
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| Posted: Thu Feb 01, 2007 5:39 pm |
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I use this company and have had NO problems with them and they pay my creditors on the same day each month.
ACCC
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HT07
Joined: 06 Nov 2006
Posts: 86
Debtcc Points: 898
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| Posted: Thu Feb 01, 2007 7:51 pm |
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It depends on your situation entirely and where you want to be financially. The bad things is.. most people who work for these companies work on commission. They dont take the time to actually understand your situation and what you need. They would rather put money in the pocket. If you would like. We can have a private chat and I can point you in the right direction. Do Not enroll into a program until you get advice from a non partial party.
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Wallstreet
Joined: 01 Feb 2007
Posts: 3
Debtcc Points: 72
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