Sunday, January 10th, 2010

Who do you recommend for a good debt consolidation service? Any personal experiences?

debt consolidation reviews
J T asked:


I have approximately $15K in various credit card and hospital bill debt. I am looking for a good company that does debt consolidations/loans.

There are lots and lots of companies available but i’ve heard there are both good and bad ones out there. Personal experiences are highly important so if you have any – please share them.
Also, is there any rating/review service or consumer guide that has written about this field? Web Links?

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3 Responses to “Who do you recommend for a good debt consolidation service? Any personal experiences?”

Shelly Says:
January 13th, 2010 at 5:13 am

I have experience of credit card debt..At that time I took the the help of the debt consolidation service help..But then After I realized that it would be better if took debt settlement service instead of deb consolidation. So just visit the debtconsolidation123.net. It’s really great.

Meg D Says:
January 13th, 2010 at 7:40 am

Many credit counseling organizations are nonprofit and work with you to solve your financial problems. But beware — just because an organization says it is “nonprofit” doesn’t guarantee that its services are free or affordable, or that its services are legitimate. In fact, some credit counseling organizations charge high fees, some of which may be hidden, or urge consumers to make “voluntary” contributions that cause them to fall deeper into debt.

Most credit counselors offer services through local offices, the Internet, or on the telephone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.

vincent s Says:
January 14th, 2010 at 7:56 pm

i would never resolve to debt consolidation, its a bad choice. To get a debt consolidation loan you need own property and the property need to have equity to serve as collateral for the loan. You also need to have good credit, not just a good credit score. But most people in debt have negative debt-to-credit ratios and credit-wise that warns potential lenders not to loan you money because you show that you owe more than you can reasonably afford to pay. Plus if you get the loan, you’re gonna pay back a lot of money and you can lose your home if you miss a loan payment! what i did is i used debt settlement. they gave me a lower monthly payment and even cut my debt in half.

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