Anyone know a righteous, reputable debt consolidation program?
I have a friend who needs facilitate getting out of debt. Does anyone know of a good company to call? Help would be appreciated.
Answers:
use the citizens advice beureau! they are reallly goood at this sort of thing. they hold debt counsellers who will contact the debtors and let them know what the situation is and discuss with them how it is best resolved
i use this one...www.cccsfl.com....they are terrifically good, but they are in Florida.i have a sneaking suspicion that they can help anyone anywhere, not just contained by Florida. i checked them out, with the BBB and the AG, they have a verbs record....good luck
Debt consolodation is a VERY BAD IDEA. Especially if the debts owed include profusely of medical bills. My husband and I tried going through it. We have a huge amount of medical debt, a few
credit cards, student loans, utility bills, car salary, mortgage.
The debt consolodation place with require a comple financial statement. This means copies of adjectives your pay check stubs,
copies of lease or mortgage agreement, copies of a years worth of utility bills, copies of 2 months of grocery & gas reciepts, copies of your car compensation agreement, copies of all credit card statements, medical bills, and other bills owed.
They go through everything a devise what they consider a liveable budget for you. (This is not an amount anyone can comfortably exsist on. They update you what you can spend on each item a month. You can't go over that for any cause (not even an unexpected emergency, such as illness, departure in family, etc.)
They do not allow money for gifts such as birthday or christmas presents for your children. They do not allow you money for internet or movies, or intake out. They do not allow money for clothing purchases. They do not allow money for even unexpected emergency auto repairs. )
The amount of money they'll expect you to put towards your overall debt can be up to 50 percent of your income before taxes.
We, instinctively, found Chapter 7 bankruptcy an easier, faster, cheaper way out.
Most states are remarkably generous on what they allow you to keep.
We didn't lose anything because we didn't own anything over the
boundary for assets.
A couple months after the discharge, we were able to take credit in a lot of places because we didn't owe anybody anything anymore.
The following website has dutiful information and links to a company where your friend can get a free debt consolidation analysis. Source(s): http://www.step-by-step123.com/debt-cons…
First permit me tell you that consolidation is not helpful if u want to dull ur principal debt amount. u might be able to make minimum payments..but you must rate the complete debt amount...they mainly work for the benefit of credit card companies.
try a debt settlement copmpany who will negotiate to reduce your principal debt amount to 30% to 70% depending on who ur creditors are...and you also hold options for monthly payments ranging from 3 to 36 months..itsn't it appropriate to know the time frame when u will be debt free?
check this website
good luck
http://www.debtfreeafterall.com
Bad credit is one of the worst problems to enjoy... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I have to do it again I would pay to some minor details,
if someone wants to attain out of debt today it is pretty easy with a debt consolidation plan, however it may capture a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start within my humble opinion is astraight to the point ebook with sound out and answer I found :
http://umgarticles.atspace.com/debt-cons…
if it helps kindly remember me contained by your voting!.. cheers!
those things will mess up your credit even more. resting on that they charge a fee! all of your money doesn't even shift to your debts. she can just as easily contact the creditors, share them her story. threaten not to pay if they can't help her, and negotiate the debt herself. variety sure they put everything in writing. then start a different bank account and put that much money surrounded by it every month and it will be the same as debt consolidation except it will save her credit and she won't reward fees. i've seen people tender to pay half of whats due after not paying for awhile. the credit cards are so desperate to seize thier money they will agree to just about anything after awhile. Source(s): i used to work for a credit card company.
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Answers:
use the citizens advice beureau! they are reallly goood at this sort of thing. they hold debt counsellers who will contact the debtors and let them know what the situation is and discuss with them how it is best resolved
i use this one...www.cccsfl.com....they are terrifically good, but they are in Florida.i have a sneaking suspicion that they can help anyone anywhere, not just contained by Florida. i checked them out, with the BBB and the AG, they have a verbs record....good luck
Debt consolodation is a VERY BAD IDEA. Especially if the debts owed include profusely of medical bills. My husband and I tried going through it. We have a huge amount of medical debt, a few
credit cards, student loans, utility bills, car salary, mortgage.
The debt consolodation place with require a comple financial statement. This means copies of adjectives your pay check stubs,
copies of lease or mortgage agreement, copies of a years worth of utility bills, copies of 2 months of grocery & gas reciepts, copies of your car compensation agreement, copies of all credit card statements, medical bills, and other bills owed.
They go through everything a devise what they consider a liveable budget for you. (This is not an amount anyone can comfortably exsist on. They update you what you can spend on each item a month. You can't go over that for any cause (not even an unexpected emergency, such as illness, departure in family, etc.)
They do not allow money for gifts such as birthday or christmas presents for your children. They do not allow you money for internet or movies, or intake out. They do not allow money for clothing purchases. They do not allow money for even unexpected emergency auto repairs. )
The amount of money they'll expect you to put towards your overall debt can be up to 50 percent of your income before taxes.
We, instinctively, found Chapter 7 bankruptcy an easier, faster, cheaper way out.
Most states are remarkably generous on what they allow you to keep.
We didn't lose anything because we didn't own anything over the
boundary for assets.
A couple months after the discharge, we were able to take credit in a lot of places because we didn't owe anybody anything anymore.
The following website has dutiful information and links to a company where your friend can get a free debt consolidation analysis. Source(s): http://www.step-by-step123.com/debt-cons…
First permit me tell you that consolidation is not helpful if u want to dull ur principal debt amount. u might be able to make minimum payments..but you must rate the complete debt amount...they mainly work for the benefit of credit card companies.
try a debt settlement copmpany who will negotiate to reduce your principal debt amount to 30% to 70% depending on who ur creditors are...and you also hold options for monthly payments ranging from 3 to 36 months..itsn't it appropriate to know the time frame when u will be debt free?
check this website
good luck
http://www.debtfreeafterall.com
Bad credit is one of the worst problems to enjoy... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I have to do it again I would pay to some minor details,
if someone wants to attain out of debt today it is pretty easy with a debt consolidation plan, however it may capture a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start within my humble opinion is astraight to the point ebook with sound out and answer I found :
http://umgarticles.atspace.com/debt-cons…
if it helps kindly remember me contained by your voting!.. cheers!
those things will mess up your credit even more. resting on that they charge a fee! all of your money doesn't even shift to your debts. she can just as easily contact the creditors, share them her story. threaten not to pay if they can't help her, and negotiate the debt herself. variety sure they put everything in writing. then start a different bank account and put that much money surrounded by it every month and it will be the same as debt consolidation except it will save her credit and she won't reward fees. i've seen people tender to pay half of whats due after not paying for awhile. the credit cards are so desperate to seize thier money they will agree to just about anything after awhile. Source(s): i used to work for a credit card company.
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