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Credit Card Consolidation Companies
Andrew Said:Are credit card companies in kahootz with credit consolidation companies ?
We Answered:You can usually get a much better interest rate (and not get ripped off) by getting a loan from your local bank or credit union.
Stacy Said:Do you know of any Credit Card consolidation companies that don't charge fees?
We Answered:Stay away from credit consolidation companies. Having that on your credit report is just as bad as having maxed out credit cards. You're better to pay off your own debts. Pay the minimums on all the individual debts except the smallest debt...then take all the extra money you can and use it to pay off the smallest debt. Once that debt is gone, you're eliminating a debtor, improving your debt ratios and increasing your credit score. You then move onto the next smallest debt and so on and so forth. Eliminate the debt yourself and it is better for you in the long run.
Joan Said:Does anybody know of any credit card consolidation companies and their interest rates?
We Answered:An online debt reduction company can offer you all the services of a traditional debt consolidation company from the convenience of your home. You can shop for the best fees and sort through the scams all without making a commitment. In the end, you get lower interest rates on your bills with an agency handling your accounts for a low fee.
Easy Comparisons On Fees
Debt consolidation companies will get you the same low interest rate from your creditors because lenders have already determined these rates. The difference between debt consolidation companies is in the fees they charge.
You should be suspicious of large up front fees to be paid with a cashierís check or wire transfer. These are often scams where people will take your money without paying your bills. Legitimate companies will charge a fee for each account they handle. This may be a small monthly charge or an upfront fee.
When you compare fees, also request pay off dates for your accounts. If the agency is experienced, they will give you a different pay off date for each account.
aaply online at :http://www.card-gallery.com/
Sue Said:Are their any reputable credit card consolidation companies out there?
We Answered:Don't use any credit card consolidation companies. They won't do anything to help you - just spin you a story on how great their services are. You'll just wind up paying more and owing them a ton of money. They don't work for free. There's no magic wand to fix your debt situation.
You can manage this by yourself.
The first thing you need to do is put all your cards away and stop using them. You can even cut them up. It's like the old story about how to get out of a hole. First thing you need to do is stop digging. Do not use your cards or you'll find your hole deeper and deeper.
You've got to make more than minimum payments and make the payments on time. You don't need any late charges. Some people say to pay off the smallest one first. Or perhaps the card with the highest interest rate. However you decide to do it, pay more than the minimum on each one every month.
Write down all your cards and account numbers. Then put the interest rate you're being charged next to them. Then keep a running tally of how much you owe and how much you've paid each month. You need to see in black and white what your financial situation looks like. Take a good look at the interest charges you pay. You need to imprint it into your head that all the 'stuff' you charged really wasn't that great.
Depending on how many cards you have and how deep in debt you are, it's going to take a while to pay them off. Sell some of your stuff on ebay or Craig's list to get cash to apply towards your debt. Get a second job doing anything to make extra money. Cancel your cable. Cancel your cell phone. You should be too busy working to need them anyway.
You'll feel so great when you see your debt getting smaller and smaller. Bite the bullet and live really poor until you get all your cards paid off.
If you want to buy something, save for it first. You'll find things to be a lot cheaper when you don't factor in all those finance charges you have to pay on credit card debt.
Shirley Said:what are some good credit card consolidation companies????
We Answered:NONE of them. You're better off filing bankruptcy or consolidating into another credit card. I used to work collections & credit card consolidation companies rarely paid the bill on time. Several made the payments late. Several sent partial payments. Avoid these companies PLEASE!
My suggestion: If you have a credit card with a very low balance & a high line of credit, consider consolidating your credit onto that card. You can pay off the low balance then transfer the other cards. Be sure to talk to that cardholder's bank, like Chase, CapitalOne, etc, to find out their terms. Most will offer 0 APR or a low one like 3%-4% APR. Be careful to find out ALL terms. Sometimes, it's a 6 month offer & sometimes it's 12.
Your credit will be better off with a bankruptcy or credit card consolidation with another card. Even with all the 2nd, 3rd, 4th, etc loan places, MOST frown upon the companies as they know all too well the pitfalls & dangers that customers fall into & believe.
Vincent Said:Credit card consolidation companies are they real and who's the best to refer to get ride of my card loans?
We Answered:Not saying much just visit this link
You will get the idea that credit card consolidation companies are real and how it works.
Acceptable Unsecured Debt includes All Major Credit Cards, No-collateral Bank Loans, Personal Loans, Medical Bills etc.