About Credit And Debt Counseling

I'll use www.careonecredit.com Debt Consolidation and Credit Counseling Service? What do you think about this service? Have you ever use this service? Or Do you know better online Debt Consolidation and Credit Counseling Service? Thanks A lot

They are one of the more reputable companies out there that can help you with your debts. They charge low fees and can help you learn about why you got into debt and how to educate yourself and get out of debt. They offer several programs from debt consolidation to debt settlement.

Good luck to you.

2009-09-27 09:30:17 by TurkishAmerican

www.CreditRepairPublishing.com CREDIT COUNSELING and DEBT CONSOLIDATION What you need to know before you sign up. "(NPR News, May 15, 2006 ...

I just graduated college and have a good part time job. I make pretty decent money and am trying to keep my bills low but I do have rent utilities and a phone bill. I dont know if I should transfer to a low interest card or 0% interest card for 12 months or get a personal loan or call credit counseling or what to do. I wont be able to make very big payments possibly up to 200 a month. My card right now has over $300 minimum payments. What should I do???? HELP!

I was in the same situation. Over $30,000.00 in debt but had it paid off in less then 3 years. What you want to do is go through your credit card statements and organize them by highest interest rate to lowest interest rate. You want to get rid of the highest interest rate bills first. What I did was roll then over to another credit card but with a lower interest rate, no annual fee and no transfer fee. Same thing with your bank. See if they have low interest rate personal loans so you are able to pay off your credit cards.

*Remember pay your bills on time....I make it a habit (if I do have the funds) to pay the bill the next day after I recieve it.

*Pay a little extra.......bill for $83.00 make it out to $90.00

*Most importantly* KEEP ON TOP OF YOUR LEDGER. I don't use that little register the bank gives you with checks. I use a spiral notebook. I divid each page with DATE, DISCRIPTION, -, +, =. Document everything and ALWAYS round up for Debits and round down for Deposits. That way you will be saving money without knowing it.

For months my ledger said I was hundreds of dollars negitive....but when I get my bank statment I actually had thousands in the bank. I saved money while I squashed out all my debt. Good Luck!! Oh - NEVER FILE BANKRUPTSY!!

2007-05-16 15:45:14 by cccampusgirl

I have approximately $2000 of credit card debt that I absolutely need to get paid down. i talked to consumer credit counseling services, a debt consolidation company, http://www.cccsstl.org/ and this is what i was told:

Basically they would cut my payments down to about $130 a month total for 3 cards by getting my interest rates lowered to between 6 and 10% approximately. I would pay it off in 2 years instead of 8 as i would now without consolidating. he said the $130 a month payment included a monthly fee of $49 directly to the credit counseling service for their help and services. Is that the normal thing when consolidating? Is that legitamet? I would only be paying $80 or so a month on the actual credit card debt and that doesn't seem like very much to me.

Anyone have any knowledge in this area? Is consolidating a smart thing to do and does it hurt your credit in any way? Is there a smarter way to do it?

LONG-sorry and thanks!

Don't touch it! Instead go to www.daveramsey.com
He is a financial giant. Great advice there. Read Financial Peace , Total Money Makeover both by Dave Ramsey.

2007-02-20 22:27:47 by Holly C

Price: $6.99

I am about 8 grand in debt, and need to pull myself out asap. Anyone have any ideas? Do debt counselors or debt relief companies really help?

Don't use them, for one most of them are a scam, for two, if you go into consumer credit card counseling it reports on your credit, and some lenders think negatively of it.

First things first, you obviously need a budget, stick to it, pay off as much as you can off, I'm sure you're getting hit with huge interest rates, you can look into consolidation but, alot of credit card companies offer 0% for the first 12 months, but make sure you know what it is after the 12 months!!!

Other than that budget yourself according to your income and stick to it, most of those companies are scams so stay away if at all possible!

2008-01-17 12:34:49 by Anthony P

I need help and I don't know where to turn. Yahoo answers is probably not the best solution, but I want to know what the masses think.

My husband is probably getting laid off tomorrow...

We have been thinking of trying to consolidate our credit card debt, but don't know which option is best. We have about 23K we are trying to take care of...all credit cards...it sucks. We are making payments over the min now, but things are going to get tight.

Wells Fargo told us they could consolidate about 10K and roll into a car loan. We don't want to do that, cars are so unreliable and we don't necessarily want to end up w/ negative equity. Our house has depreciated so much that we can't really refinance.

I know credit counseling negotiates your rates with the companies and gets you a lower payment (hopefully at a lower rate) to pay off over time, but it also puts a major dent in your credit score.

Any advice?

Sorry to hear about your situation. Your husband will qualify for unemployment, being that he would be laid off. Some creditors, especially in this economy, may hold off on one or two months payments, being that he is laid off, and unemployment compensation is a lengthy process. Cars do depreciate a lot and fast, so having over $10K in negative equity will make it difficult to ever trade in the car, or refinance the car down the road in the event you have problems with it.

A lot of reputable debt consolidation companies, like wells fargo financial who don't require an upfront fee, and won't let your debts be late, will consilidate into one personal loan, especially since you are a home owner. They will give you separate checks for each debt, and pay them off. This may help with one lesser payment every month, as opposed to separate payments for each credit card. To me, this is better than paying someone for 2 months, while they let all your debts go late and affect your credit, then settle with the companies for a lesser amount.

If you absolutely have to do this, this is the route I would go. Maybe a lesser total monthly payment for your credit cards and your husband's unemployment compensation will help even out the loss of income.

2010-01-20 13:56:26 by Liv