Where can I go to get free debt consolidation?

Question

I need to lower all of my bill. I want to get into a free non profit debt consolidation.

Answer 1

Consumer Credit Counseling Service or CCCS helps you manage your debt by getting your creditors to lower interest rates sometimes to 0%. They will help you set up a budget and you will only be making one payment a month. If you want to check out some more options check out clarkhoward.com. He is a consumer specialist based in the Atlanta area. He has a great website with many ideas to help you manage your money.

Answer 2

be careful with a debt consolidation loan. realistically you will end up paying no less, in fact you will probably actually pay more. i will try to tell you what a debt consolidation loan does.
example:
your credit card payments at the moment are $10,000
you take out a debt consolidation loan and spread that $10,000
out over the next 3-5 yrs. That makes it seem like you are paying less because your payment has gone down to about $200 per month which may seem more affordable to you.
The downfall: they will make more money off of you in the end because of interest. you will continue to pay for things that you bought today for the next 3-5 years.

My advice: take a look at what you really make and come up with a budget for yourself. if you are a spender it is hard to do. however when you find yourself paying off the bills yourself it is a very rewarding feeling. give yourself a weekly allowance just like your parents used to and stick to it. pay cash for everything from now forward. if you don't have the money to pay for it right away then you can't afford it.

also: if you do get "your debts eliminated" and they just dissappear then you will probably continue to get into more debt. hard work is the only answer. just remember it only takes 21 days of serious work to change your habits.

Answer 3

leave the debt counseling alone, they will screw you over, also stop spending immed. buy only what you need not what you want, also, maybe you could sell some items and only keep what you need to live, it has been done before, a couple was in debt and they sold their house and every thing in it right down to the linens, they rented a small apartment for a while bought used furniture from goodwill, did not have cable TV nor internet and used a payphonr for emergcy only, before long they paid of their debt and were able to purchase a new home and pay cash for new furnishings or take advantage of layaways, if that is too much of a sacrifice or you are so deep in debt you may want to consult an attorney to inquire about bankruptcy, however in some states chapter 7 bank. is no longer allowed or should i say is treated now like a chapter13, chap 7 was when you could pay an attn.1200 to 1500 and they file all the papers and the debt is considered done and forgotten, (except it is on your credit for 7 years) chapter 13 is where you pay an attn. 100 to 200 to start papers and they set up pyment to a trustee that pays all your disposable income to creditors for 3 to 5 years , if debt is not all paid off in 5 years it dosnt matter, it is done and over with (except on file for 7 years) disposable income is determined after all basic daily living expences are deducted, such as rent food clothing gas toiletries cleaning supplies even entertainment, so you may have a tight budget but but you will get on without creditors bothering you and no more interest charges, you must also surrender your income tax return during the time you are in bankruptcy, however if your car breaks down and you need a new one to get back and forth to work you can subpoena the trustee to stop garnishment for a time while you get a new car or subpoena to keep your tax return to purchase a car or repair it, its hold true for the same should your home need new plumbing or roof needs fixin..... good luck

Answer 4

Well, there's a difference between debt consolidation and debt management. It probably isn't a good idea to take out another loan to pay for all your other debts, because it is likely you will continue to spent on credit.

If you mean one of those debt counseling places, well, I think that is a wonderful place to go. Go to www.consumercredit.com They will work with your creditors to help lower your interest rates and you will just pay one monthly payment. However, your accounts will be closed and you will no longer be able to charge anything.

Oh, this company does charge a monthly mainenance fee, but you will still likely save money. It can't hurt to check it out anyway.

Good luck!

Answer 5

I really don't suggest you do any debt consolidation or loans at all. You should really try www.daveramsey.com
Click on some of his radio shows and he will help you to actually get DEBT FREE on your OWN.
I tried the consolidation thing years ago with ConsumerConsolidatedCredit and it did absolutely no good. Dave talks about these people and why it's a bad idea.
Best wishes, you can do this!!

Answer 6

hi buddy. let me tell you what you need. get a smaller car. get a smaller place. get an extra source of income. of all the money you have at the end of the week, save 10% and put the rest on your higest rate credit card, while paying the minimum on the other debt.
remember this: "if it promesses you to be out of debt easily in a few months, it is lying to you"
it is hard but you can do it. good luck

Answer 7

you could do it by yourself without going to any services,
save 1000-2000 first for cash emergency in case yoour car broke down, or house need to be fixed that you do not use the credit card cycle again when you work on your debt

1/list all your debt fromm smallest to largest, put the minimum payment on all debt except the smallest, paying off the smallest first. after that, use the money already paying off the smallest start paying the next one, so like snow ball effect. you will eliminate your debt in no time

http://www.daveramsey.com

Answer 8

Go to nfcc.org, the National Foundation for Credit Counseling. It is the only body that can give you legitimate organizations, not the scam places that LOOK legit until you get buried under their fees and paperwork.

Answer 9

to end it from growing to be you want to positioned more desirable than the minimum in procuring the playing cards. A roommate and procuring a automobile with 0.5 the fee might want to get you an more desirable $500 a month it quite is sufficient to make the minimum funds plus with any success slightly more desirable.

Answer 10

Consumer Credit Counselors http://www.credit-counselors.cc/?source=overture&OVRAW=CCC&OVKEY=ccc&OVMTC=standard