Trying to get out of debt asap

Date: Fri, 12/16/2005 - 11:41

Submitted by anonymous
on Fri, 12/16/2005 - 11:41

Posts: 202330 Credits: [Donate]

Total Replies: 1

Hello all, I am new here and have been looking for a way to reduce the financial expense of my mistake. I have looked into bankruptcy which is not an option, settlement which sounds okay and now debt consolidation. I have good credit with no late payments, a credit score of about 700 when I last checked. I have almost $20000 worth of debt. The payments and interest rates are getting out of hand. And to add to it the minimum payment amount going up next year doesnt help. It seems the credit card companies keep increasing the rates. I cant seem to get approved for cards with lower interest rates because of my debt ratio. What are my options? I dont want to have ANY negative things on my credit history.

Hi CreditSlump Welcome to the forums. There are many couns

Hi CreditSlump

Welcome to the forums.

There are many counseling programs offered to the consumers and make their repayment procedure easier. Among them, consolidation and settlement are the most common ones. Each of these programs has a unique approach and will accordingly give results in the way they are designed.

Please read the page to have a very accurate picture of both of these programs and then opt for the one suitable to your needs.

http://www.debtconsolidationcare.com/forums/comparison.html

I will definitely opt for a consolidation program if I put myself in your place. This program is a successful and the most popular method in erasing the existing debt problems.

In this program, you will get reduction in the rates of interest that is presently at a very high rate with the lenders. If you don't take care of it at the earliest, things will get even tougher to manage. Try a free counseling in this website. You will get some sure help.

If you are considering for debt consolidation program, you are seeking to improve your financial standing. Your credit report might be having some negative entries which need to be recuperated. Debt consolidation program will cover all the unpaid accounts in the program, making regular payments to the creditors and as a result provide you a better financial rating.

Debt consolidation program will be shown in your credit report and your creditors will appreciate that you have taken this responsibility to clear off your past debts and regain your financial worthiness. They will come to know that you have experienced financial difficulties in the recent past and you have taken active steps to repair it through the debt consolidation program.

Your creditors report your accounts to the credit bureaus. Although your report will show that you have been unable to pay the original amount of the creditors and have accepted the reduced amount through the debt consolidation program, the consultant working in the debt consolidation program will be able to negotiate with your creditors for the best of your credit ratings.

The ultimate goal of the debt consolidation program is to improve your financial and credit standing and as long as you are current in the debt consolidation payments, you will be viewed more favorably than before.

I will suggest you to have a free discussion before you get started. You will get better repayment options and achieve a debt free life.

Regards
Roxette

lrhall41

Submitted by roxette on Fri, 12/16/2005 - 13:56

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