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Comment on Please Tell Me Good Ways To Consolidate Debt, Mostly Credit Cards And Student Loan.? by STEVEN F

STEVEN F — Thu, 16 Jul 2009 20:10:20 +0000

There are no good ways to CONsolidate debt. There are no government funded was to CONsolidate debt. What you need to do is PAY the debts. One $30,000 debt is no better than 30 $1,000 debts.

Comment on What Is The Best Way To Consolidate My Debt? Student Loans And Like One Credit Card And Misc Ones Like Hospita by jwizzo25

jwizzo25 — Thu, 16 Jul 2009 20:06:22 +0000

Try using: http://DebtAnswersNow.com
I used their service a couple months back and they consolidated all my debt and lowered my total debt about 25%.

Comment on What Is The Best Way To Consolidate My Debt? Student Loans And Like One Credit Card And Misc Ones Like Hospita by Mike

Mike — Thu, 16 Jul 2009 19:27:17 +0000

Yes you can.
There are many debt consolidation compnies offering such service. You can apply online also.
http://debt-relief-free.blogspot.com/

Comment on Please Tell Me Good Ways To Consolidate Debt, Mostly Credit Cards And Student Loan.? by michael n

michael n — Thu, 16 Jul 2009 19:11:43 +0000

I wish there was such a place you can search online but beware of scams, a second mortgage or equity loan would be your best bet if you own a home. If your credit is good check out the bank or places like lower my bills.com.
I had a similar problem and used a credit card counseling service they helped some but my credit score dropped this may be your best option to try and lower payments or you could and just a suggestion not pay and let them be wrote off of course this will stay on record for seven years

Comment on Please Tell Me Good Ways To Consolidate Debt, Mostly Credit Cards And Student Loan.? by LivelyMc

LivelyMc — Thu, 16 Jul 2009 18:43:40 +0000

There are some… also debt solution options, but do you HW and check them with the BBB as to not get scammed.
I am in your same boat and am now enrolled in Credit Solutions; however, I have not saved enough $ to settle any of my debts.
I found them through lowermybills.com
The first step is to open a savings account. Good Luck!

Comment on What Is The Best Way To Consolidate My Debt? Student Loans And Like One Credit Card And Misc Ones Like Hospita by Coach

Coach — Thu, 16 Jul 2009 18:32:01 +0000

First, not knowing the entire situation I give you some advice based on what I see.
Two rules of thought, if you can pay off a Card in 1-2 payments you should do so.
If not, you pay the most you can to the HIGHEST INTEREST card. In other words, if you have a 5% loan on lets say student loan, a 17% interest credit card company and a 21% interest credit card company and all have $5,000 each on them (just using it for round number).
Pay minimum to each of the student loan and 17% card and whatever you have left over to the 21% loan.
When you pay off the 21% loan then you will continue to pay the minimum to the 5% loan and pay as much as you can to the 17% loan.
The reason for this is that you continue to accrue more debt to the highest interest Company. By paying it off first, you will pay less and less.
Don’t worry about rushing to pay off the student loan until the others are paid. Why??? What are they going to do, come take your Education back??? They are historically the lowest interest (some have none) so just pay the minimum until you can pay off everything else.

Comment on As A Renter Does Anyone Know A Way I Can Consolidate My Student Loans With Other Debt? by stopccde

stopccde — Thu, 16 Jul 2009 18:29:38 +0000

You would not want to do this. Keep your student loan in a government backed student loan with a low interest rate and options for payment deferment and forbearance. You lose all of these options once you pay it off with another loan.
Also, auto loans are secured and cannot generally be added in with other credit card debts.
Maybe you should meet with a credit counselor if you are having trouble meeting your debt payments. Consolidating student loans and car loans are a bad idea.

Comment on Please Tell Me Good Ways To Consolidate Debt, Mostly Credit Cards And Student Loan.? by Jeanne R

Jeanne R — Thu, 16 Jul 2009 18:21:21 +0000

Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. There is a better way.
A. Have a garage sale and sell anything that you no longer need or want.
B.Get a temporary part time job, if you have one, get another.
Here is a plan that can help you. If you work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an “emergency fund” category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don’t even have to worry about it. You must cut your spending and live on less than you make.
2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.
3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:
To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment
Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment
Debt #1: paid off
Debt #2: paid off
Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.
That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.
4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.
5a. When you have your emergency fund in place, add a category for “fun” to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.
5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.
5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.
You can do it and it isn’t as hard as you think. Just follow the plan.

Comment on Debt Management? by mary b

mary b — Thu, 16 Jul 2009 18:03:49 +0000

Go with yourself. Pull your credit reports [there are 3] on http://www.myfico.com, which will charge you a fee for the service. That is what any agency sees about you…what you owe, what collections you have, any outstanding debt, etc. And there are phone numbers and addresses and even websites listed under each entry. Contact those companies, each of them, via regular mail. Ask them what it will take to clear up the debt, and ask for a settlement amount, in writing. Then, set up a payment plan with them, and pay those old debts off. Yes, it’s work, but it’s also free, because you are doing it yourself. And then verify your payoff of each item, again in writing, with the agency in question. And then each year, pull a free credit report to verify your old credit issues are officially clear, and new ones have not cropped up. When you do this, you empower yourself, and prove to yourself that you really can manage your own life. Good luck.

Comment on Debt Management? by ajc11183

ajc11183 — Thu, 16 Jul 2009 17:59:41 +0000

Check this site out it gives you companies that best fit your needs. Type of debt, amount, etc. see if they help you out.
http://www.ez-credit.info