Debt consolidation

Date: Wed, 07/13/2005 - 17:38

Submitted by anonymous
on Wed, 07/13/2005 - 17:38

Posts: 202330 Credits: [Donate]

Total Replies: 1

I have about 30K of debt on 4 different credit cards. The highest interest rate is 8.9 and the lowest is at 0%. We have a good credit rating around 700. We're making minimum payments on all the cards and getting nowhere fast as we don't have enough income to power pay one of the cards down. We need to consolidate to get a fixed payment so we can pay down the principle. Any Suggestions?

Hi jackriley1395 Welcome to the forums. You are having a good

Hi jackriley1395

Welcome to the forums. You are having a good credit score and you should try in every possible way to retain it. A major part of your credit scoring depends upon how active you are on your monthly payments. Any defaults will result in lowering your score and you will have problems in the later times.

As you said that you are having lower income, so debt consolidation program will offer you lower monthly payments which will be suitable to your present financial needs. Additionally, this program will help you to reduce or wipe off the financial charges accrued in your total debt.

http://www.debtconsolidationcare.com/benefits.html

I feel that debt consolidation program will be best possible option for you to take care of your debts at the right time and improve your credit rating.

Regards
Roxette

lrhall41

Submitted by roxette on Wed, 07/13/2005 - 17:55

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