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 Posted: Sun Nov 25, 2007 8:24 am Subject: Can I consolidate my debt without taking a severe hit to my |
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Can I consolidate my debt without taking a severe hit to my credit? ALl the programs I have talked to want me to stop paying my bills and take a severe credit hit fot 2-4 years.
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margaret_hassey
Joined: 25 Nov 2007
Posts: 1
Debtcc Points: 34
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| Posted: Sun Nov 25, 2007 10:08 am Subject: |
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Hi margaret, can you get a loan through your bank or another source and basically consolidate them yourself? If you can get a loan to pay all of your debts off and be left with only the loan payment, then you won't hurt your credit. But that's the only way I know of.
Someone with more knowledge should be here shortly to give you more information.
Best of luck!
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darc877
Joined: 19 Oct 2007
Posts: 84
Debtcc Points: 207
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| Posted: Tue Nov 27, 2007 1:36 pm Subject: |
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Hi Margaret, this really depends on your current credit score and your situation. i went through credit counseling and it didn't do that bad of a deal on my score, of course my credit was down the toilet in the first place because I was late several days paying most of my creditors. If you're credit is relatively good or is good/solid then you may want to try consolidating yourself and there are some options that I would talk to a debt professional about, namely contacting one from this site (use the free consultation option under 'our services) and see what they have to say. that would probably be the first thing to do if you havne't yet. I see you're new so it's an option for every member to use this once
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debtstinker
Joined: 08 Oct 2007
Posts: 288
Debtcc Points: 2786
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| Posted: Tue Nov 27, 2007 2:17 pm Subject: |
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What is the current state of your credit?
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
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| Posted: Tue Nov 27, 2007 8:02 pm Subject: |
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what kind of bills do you have Margaret? Definately apply for a free consultation here. It will help you sort stuff out. Also you could call a counselor for help.
_________________
Mommy to Matthew Patrick...born 3/6/08!
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lawn1016
Joined: 26 Jul 2007
Posts: 681
Debtcc Points: 5945
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