Can you please share with me a good company that I can cosolidate my debts with.
I just graduated college with a $20,000 stafford loan and I owe about $6000 in credit cards.
Would anyone suggest I combine them or do it separately?
I have no idea how to do this and am going to read up a little but anything will help here.
Thanks.
2006-09-19 04:32:03 · 6 answers · asked by Pudge_Monsta 3 in Business & Finance ➔ Personal Finance
From what you've written, I'm not sure why you feel you need to consolidate. If you can pay more than the minimum on all of your obligations, then just do it. If you can pay more than the minimum on one of your accounts plus the minimum on all the others, do that until the one is paid off. Then you'll have more in the budget to pay off the others.
Above all, do not incur any more debt. This is absolutely key.
Here are a few resources that may help. Here's a free budgeting guide that I've found very valuable. It's a downloadable ebook - http://necessaryvirtues.com/recommends/mfl
Here's a web site with some good advice on personal finance - http://necessaryvirtues.com/go/4022/9
And if you feel you need to consult with someone reliable about the possibility of consolidating, here's the credit counseling service I recommend. They are non-profit and will not charge you a fee - http://necessaryvirtues.com/go/4022/15
Good luck!
2006-09-19 04:44:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are alot of companies so I would check them out via the better business bureau, states attorney general, consumer protection, & search the web for details about a particular company. Be sure to pay more than the minimum required or you will be paying on alot of interest before you can get to pay off any balance. Also, you could start your internet business so that in the future you would have other income sources. You can reach me at: 410-544-9603, yahoo im: vpbanjo, msn im:vpbanjo@hotmail.com, ICQ: 42-124-639, quikonnex: vpbanjo http://www.10khits4unow.com/page.php/jerkydirect
2006-09-19 04:50:49 · answer #2 · answered by vpbanjo 2 · 0⤊ 1⤋
Debt consolidation is a nightmare. A few friends of mine tried it and theyre unhappier now. I filed chapter 7 bankruptcy a few years ago owed over 99,000 in a house and other stuff. Glad i did it..i dont regret it one bit. However I'v e been making wiser choices since then.
2006-09-19 04:37:52 · answer #3 · answered by Triskelion 4 · 1⤊ 0⤋
Payday loans frequently have an extremely intense activity value, and is barely sensible in case you decide on it desperately for an extremely short quantity of time, and are useful which you would be able to pay the activity value on the interior maximum loan
2016-12-12 11:07:26 · answer #4 · answered by ? 4 · 0⤊ 0⤋
usually ed loans have much lower interest rates than credit cards, so unless your consolidating company matches that interest or lowers it, i'd say do them separately
2006-09-19 04:39:00 · answer #5 · answered by Chris™ 5 · 1⤊ 0⤋
There are some useful tips here.
2006-09-19 05:53:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋