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Credit Card Debt Consolidation Companies

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Albert Said:

Are there any legitimate credit consolidation companies? ?

We Answered:

In truth there are legitimate loans for debt consolidation but not really companies. Most companies doing this are frauds. Just go to lending or a similar load clearing house site.

Do some careful checking of your numbers. I suspect that the student loan is far cheaper left alone than combined with others. Also 9K od debt is so low you could simply pay it off if you were serious in short order. Consider all alternatives first. "Debt consolidation is nothing more than a "con" because you think you've done something about the debt problem. The debt is still there, as are the habits that caused it - you just moved it! You can't borrow your way out of debt. You can't get out of a hole by digging out the bottom. True debt help is not quick or easy."

Check the link below

Seth Said:

Credit card debt consolidation companies, Anyone know of a good one?

We Answered:

Try… they aren't that bad (7% for me) and definitely quick.
The Idea is to find a loan at less interests than you pay now, and fixed interests.
Credit cards can have high interests so it shouldn't be difficult to beat them, depending on your credit score.
Whoever you go with, you should always check if they belong to the American Bankers Association at or at least the the above people do.

Clara Said:

Directory of credit card debt consolidation loans companies?

We Answered:

This one is really good -



Anthony Said:

If you use credit card consolidation companies to help pay off debt, does this effect your credit rating?

We Answered:

I echo what P S says above, read The Total Money Makeover by Ramsey.

Consolidation companies (most) look like a bankruptcy on your credit report. Also if you don't fix the problem (over spending) consolidation just leads majority of people to get right back into debt via credit cards or the such.

You can do it yourself, you just need a budget and a game plan. Read the above mentioned book and you will be on your way to being debt free!

Terri Said:

Do debt consolidation companies pay off credit cards that are already in the hands of a law firm/collector?

We Answered:

well you could borrow the money from some other source the source would make a check payable to chase and the other folks you owe money to -- but do not fall in the trap a lot of folks do!!! the are out of debt except for this one big debt and than they take there credit cards and go on a spending junket!!!

Irma Said:

are those debt consolidation companies that claim they can reduce credit card debt actually a good option ?

We Answered:

I have HEARD NO!!
Do alot of research! Most I have heard charge alot of interest beyond what you were paying. Best thing is to get all charge cards paid as quickly as possible and then CUT THEM UP.

That man is richest whose pleasures are cheapest. -Henry David Thoreau.
No man's credit is as good as his money. -E.W. Howe Your Ad Here

Discuss It! said:

iTunes as everybody knows is a great music playing application and it is also a great music organizer