what is the best credit card consolidation company to go through?

Answer 1

CCCS(Consumer Credit Counseling Service.I went through this program a few years ago.It did not cost me a penny for the program.They negotiated with the banks for me,Told me what my monthly payments would be upfront,handled all the payment distributions and sent me a monthly statement showing where my money was going.They saved me a bundle of money over a couple of years.My credit report showed paid as agreed on evrything that was consolidated through them.It did not hurt my credit but helped me get out of debt.The only bad thing about it is you bring in all your credit cards and have the honor of cutting them up in front of your agent.Is what the banks do not like is people to get on the program and right away apply for more credit cards.Wait until you are out of debt and then you can get what you want.

Good luck

Answer 2

In selecting a consolidation firm, I would choose a not for profit like Consumer Credit Counseling Service. Tom Martino, a radio host and consumer advocate, has a website and he discusses that issue at length. He will give you tips for choosing the most reputable one.

Here is information from Tom Martino's site:

True Credit Repair

If you have unpaid bills or late payments that are several years old, write to the creditors directly. Ask them to remove the information. If they won't, challenge the items at the credit bureau. If the file is old enough, there's a good chance the merchant doesn't have the original documentation so it will have to be removed. (This goes for collection agencies too.)
If you have unpaid bills that companies have "written off", offer a partial settlement. Many companies are happy to get something and may negotiate. Make sure your negotiation includes removing negative information from your report.
Here are Some Tips...

For education on managing debt, and for help in establishing repayment plans, contact your local chapter of Consumer Credit Counseling Services.

For serious debt, consider bankruptcy. The law is there for extreme circumstances to give people a true chance to start over. If done correctly, credit can be reestablished within a few years.

Answer 3

There are a few good ones, but you have to be very careful. It will mess up your credit report, but if you are not making your payments and can't because you got in too deep, it's the better way to go. Whatever you do, don't use a debt settlement program. I have had a horrible mess with that. Talk to several companies and find out all about them before you make a decision. Ask them many questions. I didn't do that. I just assumed they knew what they were doing. Please be careful. Some are out there just to get your money and not to help you. In the end it could end up worse.

Answer 4

None of them, those things look terrible on your credit. Negotiate with each separate bank, just keep track of your payments. The consolidation makes it easier to pay just once, but those things are not good programs.