Help Debts

Posts Tagged ‘consolidation service’

Are there legitimate places to get a mortgage with marginal credit? I have some charge offs on my credit report from 5 years ago. I had a major health problem and used a credit consolidation service to assist me with some CC debt. It was a bad idea I know now. But I’d like to buy a house. I have above average income, so I don’t think I would qualify for a FHA loan. Does anyone know what the limit is on qualifying?

I have one old deparment store credit card with a balance of 425( they have offered me a settlement of 265). A credit card with a 420 balance and one with a balance of 900.

All are in collections , but if things keep going as well as they have I would be able to pay them all off.
But should I use a consolidation service or just deal with each creditor individually …

Note : Im not going to buy a house a car or rent a new place soon( for at least the next 6,7 years, aside from maybe a new apartment), so how important is fixing my credit now.

I have less than ,000 in credit card debt, but it kind of has me in a bind. It seems I’m only paying off the interest while the actual balance never goes down. I applied online for a personal loan, but was rejected. I was thinking of maybe using a credit consolidation service to help me out. What ones are reputable? Which ones have you personally used and what were your thoughts on them? Any help is greatly appreciated.

I am going thru a divorce right now and have had a lot of problems with money. I am about 3-4 payments behind on my credit cards. I am just not starting to get back on my feet financially. I have about 3 credit cards to pay on. One I could pay off myself in a few months, the other one by the end of the year. But my biggest credit card would take me years. I hate to ruin my credit because it has been fairly good. I have always made atleast the minimum payment. My question is, should I just call them and try to catch up and continue the minimum payments and slowly pay them off? OR Should I use a debt/credit consolidation service? Keep in mind credit is very much a concern even tho yes I realize I have probably hurt it a little already, but that was something I had no control over.