logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Best way to get rid of credit card debt

Date: Sat, 10/29/2005 - 19:54

Submitted by anonymous
on Sat, 10/29/2005 - 19:54

Posts: 202330 Credits: [Donate]

Total Replies: 4


My husband and I both have 2-4 credit cards and its so hard for us each month to keep up on paying them. We're not necessarily low on money, its just hard to keep track of all of them. We'd really like to consolidate them so we only have to pay one bill but don't want it to look bad on our credit report. What should we do?


Depending on how much you get paid every week, you could possibly make your payments on Friday. If you can only send it a little bit at a time, some find it easier to mail or do a check by phone every Friday, so that money isn't spent by Tuesday.

You can sign up to get a free advice from a debt consolidation counselor.

They could go into more detail about what would happen if you DID decide to consolidate.

Regards-
Mike


lrhall41

Submitted by Teleport on Sat, 10/29/2005 - 22:25

( Posts: 1388 | Credits: )


If you are not low on money,you might want to call each of them and change your payments to the same date each month,then you can have them take an auto payment from you bank account or do auto payment thru your bank online,this way you dont have to keep track or worry about forgeting.You can give a set amount to be taken out each month and adjust when needed.Paying bills thru online banking only takes about 5 minutes,and saves alot of time,and most companies dont mind changing your due date if you ask.


lrhall41

Submitted by twokidtwocat on Sun, 10/30/2005 - 12:30

( Posts: 602 | Credits: )


Hi amberp

Welcome to the forums.

debt consolidation will appear in your credit report showing that you have combined all the bills into one payment. This gives a good view to your lenders if you are behind in your payments. The creditors will understand that you have taken the responsibility to pay off your past debt and improve your file. Once you have completed the program, it will be removed from your file.

Though you are not behind in your payments, but this program will likely offer you a lower rate of interest. Apart from that, it also eliminates all the financial charges, late fees and you will be offered an amount that will be much easier to pay.

In this program, you will have to make only one check drawn to the consolidation company and they will in turn, pay to your multiple creditors. You will get a monthly statement from your creditors as well as the consolidation company showing the complete break up of the money.

Having no bad effects of the consolidation program, you will like to take a free counseling from the consultant. He will discuss about your financial situation and give you easier repayment options. If satisfied, you can move ahead with it.

Regards
Roxette


lrhall41

Submitted by roxette on Mon, 10/31/2005 - 08:52

( Posts: 4009 | Credits: )