Debt consolidation - How can you begin the process on the right note?

Hi Lisa

Welcome back. There are some factors which are taken into consideration for determining a credit score. Please follow the guidelines which improve your credit score.

• It is always advised not to delay in making your payments. If your accounts are shown as past debts or have gone to the collections, it has a major impact on your credit score and does not help in improving your credit rating.
  
  
• It is always advised not to miss any payments. Please try to keep your accounts current. As long as the account is in current status, it will be beneficial for improving your credit score and thus enhance your credit rating.
  
  
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Hello Lisa,
Welcome to the forums.

debt consolidation is a process, where you accumulate all your multiple debts into one single debt and pay off gradually in small and affordable installments. In this case, your interest rates, as well as your late and extra fees are also lowered.

If you enroll in a debt consolidation program, your debt consolidation company will guide you in handling your debts.

To know in detail the benefits of a debt consolidation program please view :

http://www.debtconsolidationcare.com/benefits.html

This site provides free consultation services for all your debt related problems. You can enroll as a member by simply filling up the signup form. After your get registered, a consultant from your locality will get in touch with you shortly.

Hope this information helps you.
Feel free to return if you have any more queries.

Regards,
Peter

can you pay more than the monthly payment to finish the loan faster?

Hi Guest,

Welcome to the forums. Your willingness to pay the debt faster will always be appreciated at any point of time.

You can always pay a bit more than your monthly installment so that you save some precious time in the allotted time period of your program.

Your main objective should be to get debt free as soon as possible and you can use any resources to make it achievable.

Please get yourself started by filling one short registration form at the sign up page and get in touch with the trained consultant.

Regards
Roxette

I have enrolled in a company called freedom financial management company, the program is to reduce my debt to half, but I have to pay 338.00 per month, stop paying my creditors while inrolled, for they will contact each creditor and seek a settlement from them. I am sort of nervous about this, for this is going to bring a negative report against me while I am trying to pay my bills off.

I have been behind on paying my bills for at least 8 months now. What program can you offer so I can start paying off my debts? Where do I begin?

Can I roll all of my debt both secured and unsecured into one big loan? I currently have good credit but alot of debt.

how do i find a a company that wont rip me off to help me consolidate my bills?

I'm very interested to consolidate my debt. I have approximately 11 credit card accounts which total about $18,000 in debt. I'm not behind on any payments, but it's tough to make them on a monthly basis. I tried to contact the companies but because I wasn't deliquent and never had been, there was nothing they could do. Can you tell me if this is enough debt for this program, what affect a debt consolidation does to your credit and the cost associated.

Well, I don't know whether this is the right section to post in.
However, I'm new here but I would like to say that it is a great thing you guys have going here.
I simply love it!
Thanks for so much information you guys have imparted.
Thank you.
Regards,
CJ,
Perimeter Computer

i hev many accounts,i cant cope ,need to combine them and pay ones every month

i have several payday loans totaling 3000. What is my best action to deal with this issue. Also one of them is maliing notices to my job. Also i am receiving daily call to my job from a number of them

I would like to consolidate my car loan adn credit card debts into one monthly payment. I am current on all of them, but just would like to make one payment a month to cover them all and save on my interest rate with the credit cards. What would be the best consolidation for me? Thank You

If i consolidate my school loans, credit cards, and store credit cards will it miss up my credit for 7 years? Will it rebuild my credit?

Hi JJV,

If you consolidate your debt, it will not mess up your credit. Once you enroll in a debt consolidation program, it affects your credit negatively only for the initial period. When the consolidation company negotiates with your creditors to reduce the monthly payments and you start making the single payment each month, it starts affecting your credit positively. Thus, I believe a consolidation is a much better option than filing bankruptcy or not paying your creditors.

I found out that my debt management co. is not paying my creditors on time.
I also found out that their co. is not recommeded by the BBB. How do I stop paying them ? help!

this thread is a joke, cant you people tell that the very first poster was a part of this company, isnt it ironic that she or he used the same exact words as the steps this website uses.

consolidation has a 90% failure rate, you hire a company to negotiate the interest, you pay the company one payment while they divvy out the amounts, you pay the company a fee which is usually out of control.

a client of mine with 10k of debt invested 3k over 3 years with a consolidation program, after 3 years his balance was 9k?????


btw who is the dork in the video always up to the right, cheap sales person that you can tell doesnt have a clue! hiding his pony tale lol

this forum is a lead site, they sell your personal info when you fill it out

:confused:Hi Nelly, I am truly over extended. My problem is not knowing who to trust and how to get started. I know I need to do something. I am in Michigan. What is the best compant to go with

Hi Fayebaby65 it is good that you have taken a step in deciding that you want to go ahead and be debt free. I agree with Nelly wit regards to the debts settlement program since that keeps you of the stress of negotiating with your creditors with regards to the companies you want to go with why dont you call up the toll free number of this great forum you are offered some free counseling and then you can analyze whats your status and how you can be helped .(this is my opinion)you may want to share the deatils of those accounts so that this wonderful forum can analyze your situation better and give advice like who are your creditors and whether you are on time or behind with your payments and whats the status of the accounts and I'm sure you will get help from the great members in this forum .