Need Help! My Story

Welcome to the Community Joye :D You aren't alone, amnyof us have had the same fear, desperation, and no hope, but you have come to the right place! Is the bulk of your debt from credit careds,pay day loans? The most important thing is to take care of basic necessities frst, home, utilities, food,etc. There are many options being offered here. Since you are registered, and if you signed up for the free credit counseling, you are entitled to a contact for counseling, where they will discuss these options. In debt consolidation, you can put all your unsecured debt into one monthly payment. In consolidation, you have a counselor negotiate a settlement with your creditors, usually from 30-60%. Before you decide to go with any company, check them out with the BBB, and others. There is a Ranking Chart on this site you can look at to see about companies in your area. Feel free to ask questions, we are here to help you. Don't feel bad-you have acknowledeged the problem, and now you can find the solutions!!..KAren

You will get a consolidation loan from a debt management company since they offer their services to repair bad credit. You won't have to visit a bank for this type of loan. In my opinion, you should not consider a new loan for paying your existing debts. Your overall debts will multiply and you might be paying more on interests. Instead, take the other option like a debt management program in which you will the principal amount at lower interest rates. Most of the fees will be waived off. Or, you can go for a debt settlement plan in which the total balance will be settled down by 40% to 60% with your creditors. Speak to a debt counselor in your area. He will narrow down your research for the suitable plan and help you getting started. You will be soon on your way to a debt free life.