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Can I consolidate some bills and settle other debts with professional help?

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If I am taking professional help, do I have to follow whatever the counsellors tell me to do or can I use my own judgment. Suppose I want to consolidate some debts and settle others, will I be able to do so?

Yes, you can always have your opinion. Professionals will inform you about the most suitable program to get rid of your debts. You can consolidate some debts and settle others, but it will depend on your financial situation. Make sure you get answers to all your queries during the counseling session.

Sub: #1 posted on Fri, 05/12/2017 - 06:02

Good Nelly Good Nelly
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Yes, you can. It is advisable to ask every possible question during the counseling. The counselor will guide you as per the debt amount and your financial ability.

You will understand which debt to consolidate and which one to settle.

Sub: #2 posted on Fri, 05/12/2017 - 06:07

Sanders Patricia Sanders Patricia

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Ofcourse, you can go for both ways! But don't forget get details about the professional whom you're hiring!

If you want to do it on your own, I'd suggest you can choose the option called - "Debt consolidation".
You can take out a new loan called a debt consolidation loan, and pay off your existing debts. Later pay of the other single loan with one single monthly payments instead of many.
It'll not only allow you to get a lower interest rate and lower monthly payments, but also keep your credit score intact (as you're paying your debts in full).

Good luck :)

Sub: #3 posted on Fri, 05/12/2017 - 06:24

Barbara Delinsky Barbara Delinsky

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See, counselors will suggest you a few ways to manage debts yourself - few budgeting strategies and money management tactics. Use these strategies and tricks to manage your debts. If you fail to manage your debts, counselors would ask you to opt for the debt management plan.

Sub: #4 posted on Sun, 05/14/2017 - 23:15

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Yes, professionals can help you every step of the way. Approach your nearest bank or credit union for further assistance.

Sub: #5 posted on Tue, 05/30/2017 - 03:32

Petert Petert

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Make sure you read the FTC guidelines for working with a legitimate debt relief company. Stop making any sort of payment, if you find anything amiss. Get everything on writing so that you have a proof to show.

Sub: #6 posted on Sun, 06/04/2017 - 19:48

paulcahill80 paulcahill80

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