Debt Consolidation
Date: Sun, 10/24/2010 - 09:27
Without knowing what you owe and how much you owe and what your
Without knowing what you owe and how much you owe and what your circumstances are, we cannot tell you. You need to provide more information.
Hi Jay, If you have incurred huge amount of debt and ar
Hi Jay,
If you have incurred huge amount of debt and are unable to make the payments, then you can go for debt consolidation. Late payments, loan defaults have a negative impact on credit score. So, if your credit score is going down with each passing day and the creditors are making repeated collection calls to you, then it is better to go for debt consolidation. However, before going for debt consolidation, you should always check whether you can afford to make one monthly payment to the consolidation company.
What is the type of debts that you have? Secured or unsecured..I
What is the type of debts that you have? Secured or unsecured..Is the debt amount more than 15-18k? Do you have a source of income? What is your credit score?
Provide us these information to get the best advice from the members of this community.
