Can you do debt consolidation even though the debts have already gone to collections?
I have about 10,000 dollars in debt and most of that has already been sent to collections or been charged off. Can I still sign up with a debt consolidation to help improve my credit even though the debts have already been sold to collection agencies and charged off? Thanks Best answer: Answer by bdancer222If the debt has already been charged off and sent to collections, the damage is already [...]
what is the different between consolidation company and debt free company like Creditsolutions.com.?
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 [...]
Q&A: Is debt consolidation a good idea or am i digging my self in a deeper hole?
I have 6000 dollars in bad debt that are hospital bills. Is debt consolidation a good idea? 150 dollars a month for 6 years is what they told me????? Best answer: Answer by sarno , if its hospital bills, apply for medicaid they will pay it in full What do you think? Answer below!
Is it recommended to use debt consolidation for credit card debt?
I am approximately $ 25k in debt, should I use a debt consolidation agency? Best answer: Answer by Green_Sea_wavesYes, If you don’t own a home and want to move out of renting, a debt consolidation agency can help you. The simple way is also to individually work with your creditors to contruct a payment plan. THey are remarkably flexible with clients when they know they are trying to pay off [...]
Bank loan or debt consolidation program for credit card payoff?
Due to a family tragedy, my husband and I are currently in $ 26,000 of credit card debt. All of the payments are current and the cards are paid on time with the accounts still open (we are not still charging, though). We are looking to seriously pay this down before the interest eats us alive. My husband wants to take out a bank loan and pay the cards off [...]
If I wreck my credit score or go debt relief agency will I still be able to get student loans?
Will the rate be horrible? I ask because I am $ 4000.00 in debt and I really can’t make that go anywhere because I drive a newer car (though nothing fancy) and make kind of large monthly payments on that. I will get way less than what I owe on the car so I cannot sell it. I only make 9.15 an hour and go to school part time. I [...]
Q&A: Am I now debt free as President Obama told me I would be ?
I owed $ 25,000 in credit card bills and took President Obama’s advise and decided to spend my way out of debt. I called my credit card company and told them that my President told me that the more I spend………the more that I save. I just worked at racking up up another $ 9,000 in credit card bills in order to spend my way out of debt > Am [...]
Q&A: Is it better to claim chapter 13 Bankruptcy on credit cards or get one of these Debt relief compainies to ?
work with the credit card companies to reduce the payments. i have been out of work for a year due to medical reasons and I am now employed again. I went over $ 40000 in debt with credit cards. I want to do the right thing but I can not afford the payments. Best answer: Answer by Brown Sugarcontact the Consumer Debt Counseling Office in your area. they are a [...]
Should Americans stop shopping until they are debt free including their mortgage?
Sorry Joe the Plumber but that new bathroom downstairs will have to wait, I have interest to pay off. I know I know it is not your fault I took the loan but freedom is not free, sorry. That is my plan, if it is not food I am not buying, well maybe a beer but I guess that is food. If I cannot help myself with shopping habits I [...]
How can I get out of debt? My wife and I both have jobs but we are not getting any closer to being debt free.?
We do not have credit cards (we both got rid of them years ago, and we would not qualify for new ones if we wanted them anyway). We have a baby on the way and want to be on our way out of debt (we have realistic expectations and do not expect this will be happening tomorrow or even relatively soon). Is bankruptcy a good option to look at? Best [...]
