Debt consolidation or not?
I am having difficulty choosing between the solution to my problem of debt. I have about 8000 dollars Credit card debt right now. All are now collection agencies and I have no means to pay for all and all are criminals too. I've been thinking make a program of debt. I've been watching and seen the debt consolidation programs, debt settlement programs, consumer credit counseling, agencies Credit counseling and a plan of debt management … and I have the feeling that there's more I do not know. My question is which one is the best option. For the time being I know my credit is bad and I have nothing to put in security. I'm very happy to do anything online, because I see and talk to someone face to face. What is the fees involved in the programs? I have to pay monthly too? I just need all the information you can get right now.
Programs debt consolidation usually is left worse off than they were originally. My suggestion would be to call your creditors and ask them if they could reach payment plan that works for you. Also, choose the card with the lowest rate and ask if they could consolidate all your credit card debts with the agreement ending other cards. They can do this, and then you only need to make one payment per month and deal with a company when you are having trouble making payments. If this is not a option, try to make their minimum payments, while any extra money goes to the card with the highest interest rates.
Consumer Credit Counseling Service
