Finance charges question
Date: Tue, 08/22/2006 - 14:33
I have another question dealing with all this...as I try to arm myself with all the information I can. I am trying to contact T&C and also the agency that was referred to me originally...Superior Debt, to see about consolidation.
My question is this...it says on the "debt consolidation" page here that one of the advantages to this procedure is that it can lower interest rates and eliminate finance charges. Is this really true...I mean that would be great, since almost 3/4 of the total amount I have been paying on our cc debt goes to finance charges...literally eating us up alive! Have many of you had luck with getting finance charges dropped thru a debt consolidation program?
Thanks for the support thru all this!
My question is this...it says on the "debt consolidation" page here that one of the advantages to this procedure is that it can lower interest rates and eliminate finance charges. Is this really true...I mean that would be great, since almost 3/4 of the total amount I have been paying on our cc debt goes to finance charges...literally eating us up alive! Have many of you had luck with getting finance charges dropped thru a debt consolidation program?
Thanks for the support thru all this!
Hi jlong4, lower interest rates and wiping off the financial cha
Hi jlong4, lower interest rates and wiping off the financial charges and late fees do happen in the consolidation program. These are the main benefits of the program so that people are able to pay off their debts with ease. If these facilities are not offered, people won't have got beneficial results through the program and discussed it out.
All your debts will be combined together into one single payment under the consolidation plan. The total amount of your debt will be brought down to the lowest balance so that you are comfortable paying it. Go ahead and get started with this plan. You will have more benefits coming your way if you show good payment history.
