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 Posted: Mon Oct 22, 2007 5:31 pm Subject: BK friendly debt consolidation companies? |
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Any BK friendly debt consolidation companies out there?
Thanks!
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stacystiles
Joined: 22 Oct 2007
Posts: 31
Debtcc Points: 808
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| Posted: Mon Oct 22, 2007 8:59 pm Subject: |
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Hi there and welcome...
Do you mean bankruptcy friendly?
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
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| Posted: Tue Oct 23, 2007 6:26 am Subject: |
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yes! 
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stacystiles
Joined: 22 Oct 2007
Posts: 31
Debtcc Points: 808
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| Posted: Tue Oct 23, 2007 7:54 am Subject: |
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Okay...when you say debt consolidation, you are looking for a loan or a debt management program?
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
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| Posted: Tue Oct 23, 2007 8:04 am Subject: |
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Welcome to the Forums Stacy  How long has it been since you filed bankruptcy?
If you can give a little more info=we can put you in the right direction-such as what type of debt, etc..karen
_________________
As long as you are alive, there's always hope
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Bossy4455
Moderator
Joined: 27 Feb 2006
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| Posted: Wed Oct 24, 2007 10:15 am Subject: |
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hello!
volleyballmom - I am referring to debt consolidation loan, not a debt management program
Bossy4455 - My BK was discharged in January 2005.
Relatively speaking, I have minimal debt. I do have a car payment and such. But my issues are with my credit card debt. These companies really have figured out a way to pull one over (or at least try) with those trying to rebuild their credit. There are monthly maintenance fees, ridiculous interest rates, huge annual fees, etc. I do not have a card that I can do a balance transfer with, nor would I be approved for one.
Anyway, it would be great if these cards could be combined with one payment and interest lower than something like 28-30%! This is getting super stressful....
Thanks!
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stacystiles
Joined: 22 Oct 2007
Posts: 31
Debtcc Points: 808
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| Posted: Tue Oct 30, 2007 2:14 pm Subject: Other options? |
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Credit card companies have figured out how to keep consumers in debt for many, many years. Have you looked into debt settlement as well as a debt consolidation loan? The latter could easily allow you to pay off your credit cards however most people are back in the same position in about 2 years. Debt settlement negotiates with the credit card companies to reduce the total amount owed, ultimately saving you quite a bit.
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debtqueen
Joined: 12 Oct 2007
Posts: 12
Debtcc Points: 352
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