Is there a way out of debt other than the one listed below?
Date: Fri, 02/08/2008 - 07:37
I consoliated my debts to bank of america and the amount of interest is as much as the amount deducted towards my debt, It appears I'll never see the balance decrease. Help
Are you using a debt consolidation company? Not sure what you m
Are you using a debt consolidation company? Not sure what you mean by you consolidated your debts. If you are using a Debt consolidation company they should have negotiated lower interest and monthly payments you could afford that would pay off your account in 5 years. Usually the plan is setup so that all accounts in DC are paid in 5 years. So if your interest is all your really paying then this doesn't sound like a true debt consolidation program. Can you provide more details?
