Debt consolidation through credit counseling services consumer? Necessary information.?
I have approximately $ 2,000 of credit card debt that absolutely need to get paid. I talked to the credit counseling services consumer, a debt consolidation company, http://www.cccsstl.org/ and this is what they told me: Basically my payments would be reduced to about $ 130 a month for a total 3 cards to get my low interest rates between 6 and 10%. I pay it in two years instead of 8 as I am unbound. said the $ 130 per month includes pay a monthly fee of $ 49 directly to the credit counseling service for help and services. Is that normal when consolidating? Is that legitamet? I just would have to pay $ 80 more a month on credit card debt real and not a lot like me. Anyone have any knowledge in this area? Is the consolidation of a smart thing to do and what hurts your credit in any way? Is there a smarter way of doing it? LONG sorry and thanks!
I put this in the Source box. There is a wealth of information there and a great free program debt management software. I bookmark the site as I return to it often for the advice it offers. Hope this helps.
Credit Card Debt Negotiation for Easier Debt Relief
How to find the creditor to pay the credit card debt?
I have accumulated some debt credit card at school and now I'm out and want to pay the debt out of a lump sum settlement. as two years ago as I have been able to make any payments, and creditors have been a few different who have tried to contact me. How I can know that one has to go to get this debt resolved? Any advice for getting these were established fast? I know you must send a money order to hide information from your bank and you want to write "paid as agreed" in his report Credit … anything else? Thanks
To begin, pull your credit reports. Annualcreditreport.com is the leading free real …. NOT freecreditreport.com This will list all companies and debt collectors you owe money. When credit cards are charged-off, the damage to your credit is do and there's basically way to undo. Do not make the mistake of simply cutting a check collection agency debt all you have to cancel debts and assume that your credit will be restored by magic … Doing so will not remove it from your credit reports. Just be upgraded to a "paid charge-off", which, while slightly better, remains a serious derogatory. For the Fair Credit Reporting Act, a cancellation of debt, whether paid or not, can remain in a consumer credit reports to for seven years. Renewing contact with debt collectors who have not been in touch with you for a while can be complicated … so be careful. You could trigger really aggressive collection activity against yourself if you find out you have money to pay. Make recent payments on the debt-old charged-off restored within prescription of debt in many states … This would allow the collector immediately sue for the debt. In my opinion, this potential risk is the value, not a slight increase in your credit score to pay old debts charged. If you are paying the old debt-laden, anyway, then you might as well negotiate the lowest settlement of balance you can possibly get, with the notation of negative charge-off will remain for seven years on your credit report anyway. You must be very careful in this endeavor … Mail them a vaguely worded statement: I'm willing to settle this matter for 25% of the original amount. This is not Full recognition of this debt, but rather an attempt to resolve this issue. Your company must send a written agreement with your company letterhead to accept this amount as "payment in full" and that issue will be resolved. Upon receipt of this agreement, I will mail a money order for this amount. =============================== * Get all terms of any settlement agreement that comes with debt collectors in writing before giving them your money. Never accept settlement agreements through phone … Debt collectors going to deny that any agreement was ever made once they get their "fix" of money and will demand more money. * NEVER, NEVER give out their checking account numbers to debt collectors for making electronic debit payments. * DO NOT sign your signature on any document mailed to a debt collector. It could end in a forged document that can be used against you. Simply enter your full name.
Credit Card Debt Information : Where to Apply for Your First Credit Card
7 Strategies to avoid college debt trap it worth paying $ 200,000 for a liberal arts education, especially if it means borrow? One of my 20-odd colleagues Kiplinger answers bluntly: "If I had not realized how much debt I was getting into, I would have gone to my state school instead of an expensive private school. " Investing vs Paying Credit Card Debt
I checked my credit report, but I want to make debt payments past, but I will not pay a collections agency, because they worked for, so I really do not report to credit bureaus. I wondered if there was a way make debt payments to those.
If the debt is sold, belongs to the collection agency. I would advise first obtaining written permission of the collection agency exactly what happens when you pay your debt and how much I settle. If you have an offer in writing, and proof of payment, which can effectively deny entry Incorrect credit report if the collection agency does not keep up is part of the deal.
Debt Calculator Tutorial for Credit Card Debt at Bankrate.co
Therefore, I have about $ 3,500 in debt from credit card. What is the best way to pay? Does anyone have any experience with debt consolidation services seen on TV?
Chances are that there are two ways to consolidate your debts credit card. One way is credit card consolidation loan, which is a type of unsecured personal loan. When you have several credit card debt, you can consolidate into a lower fixed rate loan. You make a lump sum single payment each month to your credit counselor and he in turn will pay off your current creditors.The added advantage would be, but also improve your credit score and subsequent payments were made to pay new loan. Another way is credit card debt settlement plan in which a debt settlement company would negotiate a lower payment of lump sum payment to creditors and thus end up paying fifty percent or sometimes even less, the outstanding balance of them. I do not know about the services on television, http://ezconsolidation.com but I know a name I found in the search and helped me get off the debts. I hope this also helps …. Good luck
Sarah Palin: Week in Review – more scandals and lies
