Would it benefit me to consolidate credit card debt of under $5,000?
Date: Wed, 04/13/2005 - 10:04
Would it benefit me to consolidate credit card debt of under $5,000?
Hi chocob236 In my honest opinion, debt settlement will be mo
Hi chocob236
In my honest opinion, debt settlement will be more beneficial to you as you get a chance to reduce your debts thereby minimizing your payment. If you go for consolidation, then it won't reduce much but you will get some extra time to make that payment. If you have money in your hand and are willing to become debt free, go for debt settlement. And if you are falling short of money at this time, then you can go for debt consolidation. The choice is yours.
However you can go through this site for a better idea.
http://www.debtconsolidationcare.com/debt-settlement.html
http://www.debtconsolidationcare.com
Thanks with regards
Roxette
RE:
Hi chocob236,
Welcome to the debt consolidation care forum.
My suggestions to you would be the same as Benjamin's. Yes, in your position debt consolidation would be the ideal option.
Once you enroll with a debt consolidation firm all your debt problems will be taken care by them. All you have to do is pay on a regular basis every month within your affordable limits based on your revised debt amount. In a debt consolidation program not only will you pay at ease every month but also your late fees and additional taxes will be eliminated.
The debt amount you owe will be cleared within a reasonable period of time and mostly that it will not burn a hole in your pocket further and you can jolly well avoid the harassment from the creditors.
Whereas debt settlement companies may not give you all that time to clear your debts and considering other options it is not as beneficial as debt consolidation.
Don't hesitate. 8) 8) Go for debt consolidation and start your journey to be debt free.
Please share your experiences and feedback with the other members of the forum and hope you actively participate in the forum in the coming days.
Cheers,
Jason
Would it benefit me to either
Would it benefit me to either Consolidate with a credit card debt of under $5,000 or should I do debt settlement. Any advice is greatly appreciated.
I would recommend debt consolidation. Debt consolidation will allow you to reduce your interest and monthly payments substantially. Some companies have counselors that can help you develop a plan to pay off that debt in a matter of a few years. Just do your research to see which company would give you the best deal.
But if you decide to go the settlement route, I suggest that you also do some research into the company that you select. I am not very familiar with settlement, so I found you an article that provides you with ways to avoid being scammed by a settlement company. This article will give you tips on what to look for in a prospective settlement company.
