debt consolidation
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Financial Advise
Asked by S.S. from Lansing
on August 15, 2009
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I know a lot of you out there are probably in the same boat. I need quick advice from someone qualified to give advice please!!! I have been a SAHM for years. Times ha...
Answers
- pay in this order: 1. credit cards (whatever you do --make THESE) 2. mortgages 3. pay partial payments on everything else, and contact businesses to let them know...
- Yes, I live and breath by Dave Ramsey financial advice. Please go out and take a look at that site. Also, I am not sure who told you that missing a second mortgage p...
- I would try to pay your mortgage. Take a hard look at your bills and cancel or reduce what you can. I.e. you do not need cable. Cancel it. Try to conserve energy, ...
Debt Consolidation vs Debt Settlement
Asked by J.H. from Minneapolis
on May 7, 2009
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Has anyone had experience with either debt consolidaton ot debt settlement? I am trying to decide which one will do the least amout of damage to my credit scores while...
Answers
- we used consolidated debt and we actualy made our last payment in febuary, it was a great feeling after 4 years. you can call and get more information before you commi...
- I definitely would NOT trust most of the debt relief agencies you hear advertise 24/7. The way I understand it, they have you stop paying all of your unsecured debt a...
- Well, I have had client's who have tried both of these, and they both definitely have their bad side. Many debt consolidators that you see on TV are nothing more than...
Financial Problems
Asked by C.A. from Wichita
on May 12, 2009
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My husbands grandma suggested that I file bankruptcy. I am hesitant because of the major affect on your credit. One of my other friends did debt consolidation so maybe...
Answers
- You said husband. That means you two would need to file together. When he married you, he married your debt as well. There are implications both ways (to file or not t...
- Good Morning C., yes dear it is a mess but a relatively small one considering. Budgets are very hard but doable. We just this month paid off a credit card that had rea...
- I dont think you have enough to file for bankruptcy. You could try, but I think you need more debt. Not that you should get anymore. Unfortunately, the rent thing, ...
Question About Debt Consolidation!!!
Asked by J.M. from Dallas
on January 17, 2007
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Hello fellow mommies!
I am really needing some advice about those of you that have had experience with debt consolidation. We have some huge credit card bills that ...
Answers
- I have to second the Dave Ramsey recommendation. My church is doing a Financial Peace University class that you should also consider. If you work the Dave Ramsey plan,...
- Check out Oprah's website and find the link to the "Debt Diet". She's done several shows on it where great advice was given. Good luck!!
- Hi J., I have not done debt consolidation through a company, but I can tell you what we did. We found a credit card that ran a low interest rate for a certain amou...
Debt Consolidation
Asked by A.G. from Dallas
on January 11, 2008
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Does anyone know of a good debt consolidation company?
Answers
- I am using Consolidated Credit. On the whole I have been happy with them. They got great reductions on my APR rates with my credit cards (as low as 1% !!!!) I have no...
- It depends on which direction you wish to go. I own a mortgage company in Arlington, TX and we can do home equity loans...which will give you the best interest rate (w...
- Please look at Heidi's advice carefully. Debt CON-solidation companies aren't necessarily out for your best interest. As an alternative, you might consider Dave ...
Swimming in Debt at Age 25!!
Asked by L.B. from Denver
on May 9, 2008
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Help! My husband and I are in some serious debt and it's only getting worse! We have almost $30,000 credit card debt plus he just got a quote on some dental work he ...
Answers
- I hear you! I like what the first reponder said about paying the smallest first! Have you heard of Dave Ramsey? He has a class called financial peace university, you ...
- You will be OK. I promise. When I was 25, I had $60K in student loans, $25K on credit cards, and a $20K car loan. I could barely make the minimum payments, pay rent...
- L., I was sorry to see that no one had posted anything yet about your debt question. While I do not have direct experience, I would start by talking to your husband a...
Need Advice on Those Debt Consolidation Organizations Out There!
Asked by C.W. from Philadelphia
on June 16, 2009
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It has come to my attention that I need to contact one of these groups/organizations to help us with our accumalated debt to help stabalize us financially. I have reci...
Answers
- C., Having gone through this myself, I can say that when the right company is chosen, it can work wonders for your self esteem and for your debt. At the time I was...
- all I've ever heard is that those aren't good! I believe you can call the companies yourself and negotiate something. Good luck!
- Hi C., Check with your local Better Business Bureau. They have credit counseling. They may be able to refer you to a reputable organization. Good luck. D.
Credit Card Debt Consolidation
Asked by C.C. from New York
on May 21, 2009
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I am wondering if anyone has any experience with credit card debt consolidation/ elimination/ negotitation. What were your experiences? And if so, what company/ websit...
Answers
- Have you tried snowballing or debt stacking your debt? To many of those companies ruin your credit by placing notes on your credit report, I know thats not importa...
- just make sure you pay NO money up front
- Call the credit card companies yourself - request they give you a lower interest rate or tell them you will close the account and transfer to a lower interest credit c...
Debt Consolidation
Asked by T.F. from St. Louis
on May 5, 2009
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Just wondering if anyone has had good luck with a Consumer credit consolidation. I am thinking about consolidating my credit cards to try to reduce our debt.I am not s...
Answers
- Two words for you. Dave Ramsey. I know he was already mentioned but if you can get anywhere to see him in video or get his books it really does work. Please try hi...
- My sister and I (she suggested this Service to me, too) used Consumer Credit Counseling Service (CCCS) Agency: http://www.cccsstl.org/ I used the Service late 90s/earl...
- If your credit is already messed up and you are committed to never getting into debt again, it might not be too bad. I have done extensive research. Your credit will...
Need Help Deciding What to Do About Finances
Asked by L.B. from Minneapolis
on July 14, 2007
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I hope someone can help me out there. We are having serious finance problems. Me and my husband both work but he does not make much $ and we have a few credit cards....
Answers
- You and your husband need to talk about it. It is not easy. I am going through the same thing. You need to tell him how you feel and you need to make hime tell you ...
- I might be able to help, call me at 877-740-5757
- Hey L. (I am updating my response after having more time to review the other responses...) My heart goes out to you. I have two suggestions in response to the oth...
