In a hole

Have you thought about debt consolidation instead of a loan? I am going through a debt consoldiation program which is going great. I would consider that before getting a loan. But that is only my opinion.

benofied, why don't you check out debt consolidation first and see what they can do and have to offer before you go get another loan. It may be just what you need and to be honest with you, from my own experience, its never good to get a loan to pay off a loan. I'll admit, its tempting. But so many people here, including myself, have gotten loans to pay off loans and get themselves right back into trouble [PLUS some] because then not only do you have the one loan that you got to pay everything off with, but it opened you up to where you could go acquire more credit and now have all that to pay too. And no matter how much you tell yourself that you're not going to do that, you almost always end up doing it. We did this very thing, we took out a second mortgage. We paid everything off, had one payment and right back down the debt brick road we went. Then my life went into a financial train wreck! So I'm just suggesting to you, that you check out all the options of debt consolidation first before you go other routes. hope I have helped. shirley

Take the advice and look into consolidation, wroking with y our existing creditors. It is rarely a good idea to try and manage debt by incurring more debt. Shirley is absolutely right... thats the cool thing about this site is that by sharing our successes adn failures, we can help others without them haveing to experience eveything we have.

I appreciate your views, benofied. You are trying to tackle your debts by your own. That's good! I'm sure you will succeed in your motive.

I would also vote for consolidation. Consolidate your bills before it's too late. Late payments will hurt your score and once these negative entries are there in your report, it will be there for 7 years. So stop them before they enter your report.

debt consolidation ensures regular payments towards your bills and saves your credit from getting worse. So place your bills under consolidation and try to concentrate on how to get a good job. I'm sure you will get one very soon. Keep us posted.

P.S. check your PM.

so what is a good company to help me consolidate?

benofied

Welcome to the forums! Sorry to hear about your situation. When you signed up on this forum, did you include contact information? You should be getting a phone call from a debt counselor who will go over options for you to consolidate your debt into one, low, monthly payment.

I am seriously against the idea of you getting a loan to help take care of other debts. This will not only deepen the hole if something were to arise and you're no longer able to take care of that payment, but put another burn in your credit. You should never take loans out to pay of debts.

If you're needing money to survive, consider other options that the government can offer for assistance.

If you're still waiting on the debt counselor to contact you, feel free to call customer service to ask who you should be referred to 877-663-3288.

Regards-
Mike

benofied,

Registered members of this site receive free consultation from the counselors of one of the best debt consolidation companies. So you need not worry about how to find a good company. One counselor will be calling shortly.

When I registered with the forum, I got a call from someone within 48 hours. She was very helpful and my hubby and I are now in the process of signing with this company. We sought other companies but were really pleased with the first one. Now that I am set with my payday loan consolidation, I want to really get on the road of becoming debt free. :D

edited by vikas:
Deleted the post by ipaymybills.

Please read my response to ipaymybills post on:
http://forums.debtcc.com/halloffame/shirley.html

It was a similar post and I did not want to waste my energy replying to him again over here.

Warning to ipaymybills:
Please do not test our pateience. One more of such posts and we will have to ban you.

You don't have anything Ipay.

And you said in the other thread, don't we have anything better to do? Same question to you!

Is it possible to use a debt consolidation program to pay a university for past due tuition expenses? I am unable to get anymore college loans and unable to register for classes and continue my education because my student account is past due. The University will not work with me and always wants all money up front, especially to clear the hold. I am interested in enrolling in a debt consolidation program to bring the account current in the university's eyes and begin paying off this debt.

Geoff724,

You can consolidate your student loans. Many lenders are there who offer consolidation loan for students. However, I'm not sure if debt to your university is regarded as debt to government or not. IMO, you can avail the free consultation offered by this site. The counselor can tell you, if you can consolidate your tuition fees or not. Keep us posted.

Stan,

Thanks for the reply! The debt to the university is considered a debt to the state government but does not seem to be affiliated with the federal student loans. I will seek the consultation on this site. Thank you!

You are welcome Geoff724. Also inform us how it goes. All the best.

hello all,
sorry I haven't come on line in a while but to let you know I have paid the intinal fee 155.00 and made 1st payment 171.00, They also stopped the collectors from calling :) maybe now I will start to see the light @ the end of te tunnel.