The more research I do on debt consolidation vs. debt settlement the more confused I become. Does consolidation reduce the amount you owe at all? In several consolidation programs I've looked at they say they MAY be able to lower the amount you owe. How does this differ from settlement? Thanks!!

I took out a $300 loan and have already paid $550. They say I still owe $337 to pay my loan off!! This should be illegal -- I'm not againt paying interest but this is stealing! If I close my account and don't pay the remaining $337, do they have a leg to stand on to post it on my credit?

Hi, we are seriously thinking about using T&C associates to help us do debt consolidation. Is anyone familiar with them and if so has your experience been good and fair. I talked to them today and it almost seems "too good to be true." We have several payday loans and they tell me they can deal with all of them. Please let me know your opinions.

Clay, Ben replied to my question that I posted on: Tue Nov 07, 2005 8:28pm This is a portion of what contains in my question: "Will the third party collection agency go thorough in serving me papers to appear in court? According to my loan agreement which I received via email on the day I applied for the loan, they follow by the Republic of Ireland laws.

I am trying to repair my credit. Will filing bankruptcy repair it at all?

Do I have to include all my debts in the consolidation program?

Do you think that the third party collection agency(as what Sonic LTD. keeps telling me) would go the extent of taking the matter to court? What is time time frame for the matter to reach that extent? :cry:

Are taxes, fines and government penalties dischargeable in bankruptcy?

I've tried to convince a credit card company that the account charged to me isn't mine. However their final decision was that it was. How can I get the original application for the card?

Is this a non-profit organization and is it free?