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Posts Tagged ‘debt consolidation companies’

Can anyone tell me about debt consolidation companies and their services?

I’m wondering if anyone has had any success using those debt consolidation companies and if so, what’s the process of it? How does it work and will it really work at lowering your interest rate/debt owed? And what company(ies) did you use? Thanks!

Chase filed a law suit against my husband for a delinquent credit card. He never had to go to court but they (the law firm) wanted 0/mt until the card was paid off. We’re still paying on it and it’s a huge budget buster! We only have a few other outstanding/low amount bills. I was wondering if debt consolidation companies would consolidate this Chase bill as well so we can get these people out of our lives!

Can anyone tell me about debt consolidation companies and their services?

Can you refer me to a good debt consolidation company?
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 good experience with. If you could give me some suggestions, that would be great! Thank you!

When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work

I heard going through one of those debt consolidation companies is just as bad as declaring bankruptcy. Is that true? If not which one is the best to deal with?

Can anyone tell me about debt consolidation companies and their services?

1. I have 6 credit cards that are closed to being at there maximum.
2. All the credit cards have a limit of 0.00
3. I would like to keep at least 3 of the cards with the best percentage rate.
4. The way the Internet is with so much dis-information, you can’t really figure out what debt consolidation companies are legitimate.
5. The Internet is hard to navigate for legitimate government programs that may help.
6. My finances consist of unemployment.

Can anyone tell me about debt consolidation companies and their services?