If you have, can you tell me if it was worth it and were you went.
2006-10-31 07:55:54 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
I have consolidated my bills.....
No it was not worth it. It was worse than me trying to pay them myself.
They contact all your creditors... Your creditors can deny the option to consolidate (2 of my creditors did) so I still had more than one bill..
Well, The consolidation place set a due date to pay the (one) bill yet failed to tell me to call all my creditors and change the due dates with them (if they would let me).
So... some of my bills had a due date before my due date with the consolidation place and each payment I made caused a late fee! I called them about it and they said even though my due date wasn't until so and so a time.... the creditors will charge a late fee if it was past their due date.
Needless to say I canceled the consolidation immediately.
It is not worth it. Trust me... Others have expressed how awful it was and to much of a hassle.
2006-10-31 08:00:16 · answer #1 · answered by Keith Perry 6 · 0⤊ 2⤋
Keith did not consolidate his bills at all. He went through consumer credit counseling. Not the same thing at all. You can apply for a mortgage or any other loan at a finance company just as long as it is a FIXED rate and TIME. This gives you a beginning and an end. Most people just don't realize that a Credit card at 20% interest making the payment only on just a $2,000 balance will take about 33 years to pay off. So take a 2000 loan at 10% no 15% for 5 years and the payment is just 47.58. about what you would be paying any way.
I am a mortgage professional
2006-10-31 09:10:57 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
searching on your credit, you may want to seem at utilising for one... in basic terms one... mastercard which will enable a stability move. Your problem is the optimal credit decrease you are able to get and the bottom cost. do not get sucked into introductory rates yet fixed rates. Bankrate is an wonderful source for you. once you get the only mastercard use it for the move option (make certain there are not any costs) and do not cancel the playing cards you've except they are charging an annual fee. you want to save your credit heritage open and your use of credit to accessible credit ratio. do not proceed to apply a mastercard... use money. Pay more effective than the minimums. by technique of now you've realized it really is way less complicated to get a mastercard than to pay it off. Get out of the cycle continuously. commence to save money because that is smarter to make 4% on lower price rates than to pay 12% on belongings you've bought and considering that used. A credit union might want to be a good idea to a distinct card to consolidate because as quickly because that is paid, that is paid. back save your playing cards yet decrease them up and do not use them.
2016-12-05 09:59:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yes,,,,I hope this helps you:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html
2006-10-31 22:27:21 · answer #4 · answered by sing i 2 · 0⤊ 0⤋
Check this website for a little bit of more info; hope it helps:
http://www.freewebs.com/infosource100/consolidation.html
2006-10-31 10:01:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋