what should i do?
Date: Mon, 10/13/2008 - 20:06
There are many debt solutions available to you. debt consolidati
There are many debt solutions available to you. debt consolidation program, debt consolidation loan and debt settlement. But personally I prefer Self Repayment Plan. This is a plan chalked by yourself only which helps you to get out of debt without paying any consolidation or settlement company. To get an idea on it please go through the following article: -
debt free - 7 Simple Steps towards a tension free life
The other debt solutions available to you are: -
Debt Consolidation program helps you to consolidate all your debts in one debt and decreases your total monthly payment by reducing interest rate as well as eliminating the other charges like late fees, etc. It helps you to better your credit score.
Debt consolidation loan is a personal loan, either secured or unsecured, which helps you to get rid off your multiple debts with a single loan having lower rate of interest.
Debt settlement is a very good solution to debt for those who are severely in debt and are on the brink of bankruptcy. It is a very good solution to avoid bankruptcy. But this solution negatively affects credit score.
If you can afford your minimum payments and just want to get out
If you can afford your minimum payments and just want to get out of debt faster than you may want to consider debt management Plan . It will get you one payment around what you are paying now but at much lower aprs " around 6% -9%."
