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I have a question

Date: Wed, 06/08/2005 - 14:23

Submitted by anonymous
on Wed, 06/08/2005 - 14:23

Posts: 202330 Credits: [Donate]

Total Replies: 2

I have a question


I have good credit, but that just means i pay my debt on time. Does it make sense for me to consolidate debt for several; credit cards and a car loan if i do not have any creditors hassling me in the first place? I am just looking for a better way to pay down my debt than what i have done so far. Any help will be appreciated.


Hi alpooch

Welcome to the forums. It is very nice to know that you are having a good credit as you are regular in making payments.

debt consolidation also helps in retaining good credit of an individual since all the monthly payments are consolidated into one loan amount at lower rate of interest. Hence all the dues are paid to the creditors within a stipulated period of time.

The benefits of the debt consolidation program have been explained at http://www.debtconsolidationcare.com/benefits.html

Apart from the benefits of the debt consolidation program, the advantage of this program is that payment structure is very easier to afford without putting much pressure on the consumer.

You can get all your unsecured debts like the credit card debts consolidated in the debt consolidation program. However, this program does not cover secured debts. As a result, car loan will not get cover under this program.

After you enroll in the debt consolidation program, it is appreciated by your creditors also as it gives a boost up to your credit image. They view it positively and find that you are responsible towards paying your debts.

As per your query, debt consolidation program definitely gives you some extra time to pay off your debt with ease and without hampering your credit report. After all, your credit report is one of the most prestigious financial documents and every step should be taken to keep it clean and healthy.

Regards
Roxette


lrhall41

Submitted by roxette on Wed, 06/08/2005 - 15:06

( Posts: 4009 | Credits: )


Hello alpooch,
Welcome to the forums.


Quote:

I have good credit, but that just means i pay my debt on time


It is good to know that you are keeping up on all your payments.


Quote:
i do not have any creditors hassling me


As long as you can keep paying your dues in time, the creditors will never harass you.


Quote:
Does it make sense for me to consolidate debt for several; credit cards and a car loan

Yes, it still makes sense if you want to consolidate your multiple debts into one single debt and pay it off together. This way you can keep paying your dues in time and save dollars on all your credit cards. You will be able to improve your credit scores vis-??-vis your credit ratings and live a more financially strong life.

To have an in-depth idea about how consolidating your debt helps, please have a look at this page:

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

This site also provides its members financial guidance relating to all your debt problems. You can also avail these facilities, by simply filling up the free signup form. Once you have become a member, a debt consultant will get in touch with you shortly.

However, I must remind you that a debt consolidation program does not cover secured loans like car loans. Please, read this page:

http://www.debtconsolidationcare.com/forums/about2362.html

I hope this will answer your query.
Please do return to this forum, if you have any further questions.

Regards,
Peter :)


lrhall41

Submitted by peter on Thu, 06/09/2005 - 02:50

( Posts: 285 | Credits: )