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Sub: #1 Need debt help to pay off delinquent credit cards
Replied on 02-04-2007, 02:40 PM
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I have two or three credit cards that are at a very high delinquent amount and I want to get my credit right


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Send message to Lorri
Sub: #2
Replied on 02-04-2007, 02:45 PM
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Welcome to the forums! As a registered member you will soon be receiving a free phone call from a debt counselor. The debt counselor can discuss your particular financial situation and give you some advice as to your options. It sounds as though maybe putting all of your debts with a debt consolidation company might be an option. The DC company can negotiate with your creditors to get lower interest rates and lower payment amounts. But, like I stated I don't know your particular situation---be sure to ask the counselor. Good luck---feel free to post questions and/or answer.

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Send message to Bridget
Sub: #3
Replied on 02-05-2007, 06:02 AM
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How much is the total debts? If you want to keep your accounts current, debt consolidation will be a good choice. The consolidation company will post the payments to your creditors at a lower interest rate. They will also waive off some fees. This will reduce the total debts. You will only have one payment in the plan. The consolidation company will send you regular statements showing how your money was applied towards different accounts.




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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