Share post
Share
Debt Consolidation Forums Debt Consolidation and Debt Settlement forums

Is there any negative side of debt consolidation?

Date: Fri, 09/26/2008 12:14
member profile picture
Posts: 1
Credits: 0
[Donate]

what is the downside of debt consolidation?




credit rating .. goes down .. primarily when you have a good score .. else does not really hurt you much .. then again .. what would you prefer a low score or a lot of debt that you cannot clear?

Sub: #1 posted on Fri, 09/26/2008 - 12:22

raienterprises raienterprises

(Posts: 7 | Credits: )

debt consolidation or debt settlement? Consolidating will not get rid of the debt. Settle it and be done. Do not take a loan on your house or cash in IRAs. Let it go for a few months then settle it for .20 cents on the dollar. They will do it

Sub: #2 posted on Fri, 09/26/2008 - 14:49

Unregistered


Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.819 seconds.