Debt Consolidation-Tips On Debt Consolidation Loans, Credit Card Debt Consolidation, And Non Profit Debt Consolidation

JD asked:


I just recieved a letter in the mail saying that Im eligible for a loan of 5k, 10k, and 15k through Capital One. The 10k loan for 36 months would be a little higher of a payment that Im paying now for all my credit cardsm but the 36 month one would be slightly less. I didnt know if this would be better to get in a way to “hide” my credit card debt in the form of a loan? And in a way that I wouldnt have 3 credit cards against me, just one loan.

Valerie Moorehead

worried asked:


i heard that i will have to file for Bankruptcies.

Candace

John D1 asked:


I have about 4500 in CC Debt, spread over 6 accounts. The average APR is 25%.

I got the following offer from a Debt Consolidation company: 167/month for 41 months [It includes their $47/month fee].
There are no additional fees and I can cancel / pay off at anytime with no penalties.

Just wanted to get some opinions whether I should go ahead with this.

Guillermo Burton

T S asked:


I would like to use one but have heard some horror stories. What are your experiences (good or bad) with them. What are the best ones to work with?

Samuel Wannamaker

cosi asked:


i want to consolidate my debt but am concerned with how negatively its affects are on my credit. can i pay on a consolidated debt at a significantly lower interest rate than now(im averaging +20%!)? if so, will that outweigh the side-effects?

Max Michalicek

shellybear0925 asked:


Will they actually consolidate all of my credit cards and personal loan or will they just try to get a decrease in the APR? Can anyone help me with this? I was given this as an alternative to filing for bankruptcy and would like some more info from anyone who has been there and done that…thank you.

Jeanie Welty

benjarick asked:


Those places that claim to help you be out of debt in a matters of just a few years….They any good?

Shandi Larita

Bajan Mama -35 asked:


I called creditsolutions a minute ago and they told me that they are not a consolidation company. I told them that I have a debt for 16,000. They told me that they can get my debt company to settle for 9,800. and they charge a 15% fee. Does this sounds okay. Please recommend me to some other company but not consolidation I do not want to consolidate I want a debt settlement company. That I would still pay, I heard when these consolidation company pays for me It haunts my credit score.

Eula Jefcoat

annalee08 asked:


is it recommended to use debt consolidation these days?

Tristan Crotwell

Capone asked:


I have heard there are a lot of rip off debt consolidation companies out there, and I am just looking for one that maybe you have had a gopod experience with. If you could give me some suggestions, that would be great! Thank you!

Fumiko Blouir