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Need Help in finding a debt consolidation program or loan

Date: Fri, 03/09/2007 - 10:45

Submitted by sward44272
on Fri, 03/09/2007 - 10:45

Posts: 8 Credits: [Donate]

Total Replies: 4


I have a few questions. How do I go about finding a debt consolidation program or loan? Do you have to have a specific amount to qualify? Will going through a debt management program show on my credit? I am trying to clear up our debt we owe around $8,000 which included credit cards, Pay Day Loans and medical bills. We just need to get this consolidated so that we can make one payment. With the pay day loans we can't make any of our payments to get us out of debt. Or is there a company that put you on a budget to help you pay these off yourself? I know I may seem to be asking a ton of questions, but I have tried making a budget myself using my quicken and it would work, but owing the Pay Day Loans is what is making it hard to pay any bills. We owe one store front pay day loan for $800. and then we just recently took a $300. with Geneva Roth which was under a different name and now reading about them I am scared that we will be scammed. Can anyone offer advice or some help. I feel like I am drowning. I keep thinking every month thta we will be able to start paying something off and it never happens. I can put $400 a month on a debt if I could get out of the Pay Day Loan mess.

Thank you.


Each debt consolidation company has a specific parameter about their programs. However, most of them don't set a minimum amount to qualify in the program. You can take quotes from different companies and see their options in bringing your total debt down.

There are different debt consolidation2 that shows in the credit report as long as you are enrolled in it. Another is debt settlement in which the total debt is negotiated and settled to half of the total amount. This is slightly derogatory for your credit because it will stay in the credit report for seven years. But the advantage is that you get less to pay in this plan when compared with debt consolidation.

Speak with different consolidation companies and know your options in getting a lower repayment plan. You need to know the perfect plan that suits in your situation. Some companies have their budgeting sessions for keeping their clients alert in the repayment plan.

For your payday loans, you need to be more careful with the storefront lender. They are mostly a licensed business in their state and can take legal actions if you don't pay their loans. Give a call to them and explain your financial situation. They are easier to work with and get some extensions. Check the business and license of Geneva Roth in your state. There are many complaints against them. You need to be aware of your state laws because most pdls charge illegal interests and fees on their loans.


lrhall41

Submitted by mute805 on Fri, 03/09/2007 - 13:28

( Posts: 197 | Credits: )


Are these people credible because I have
recently tried both these companies. I believe ZipCash has received to much money from should I post a stop payment. And who I file a complaint with after I have stop payment on my account.You cannot read the entire messages due to the ad's blocking the page.


lrhall41

Submitted by on Fri, 03/09/2007 - 17:47

( Posts: | Credits: )


I understand what you are going through. Believe me, I do. I would highly recommend that you try debt consolidation on your own (Do it Yourself). Most debt consoldiation companies will consolidate your loans for a fee, unfortunately. I will would recommend that you contact each of your creditors and try to work out a payment arrangement with them that you can afford and that will bring your balances down.


I hope that this helps you.


lrhall41

Submitted by Alexandra on Fri, 03/09/2007 - 18:00

( Posts: 544 | Credits: )