2006-11-24 18:38:41 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
your best bet is to pay them off yourself. If its come to the point where you can't pay 'em, negotiate with your creditors, if they threaten you, threaten them back by replying that you are going to file bankruptcy because you can't keep up with interest payments, and they should be able to just all of a sudden come up with a payment plan....
2006-11-28 17:50:44 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Depends. Very often the credit card company will terminate them at payoff--especially if you have been a "late payer". IF you have been making payments regularlly, then no. If you are at the point of consolidation, you really need to get rid of all of them but one. Keep that one clean and FOR EMERGENCIES ONLY. Using the credit cards is what has got you into debt. Credit card debt is an incredibly bad idea because it's so easy and the interest rates are so high. If you REALLY need to money, take a loan. The interest rate will be much lower.
2016-05-22 23:59:08 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Pay them off and get out of the "borrower is slave to the lender" cycle. Getting another loan does not help you lower your debt, just prolongs it and cost you more interest.
2006-11-24 19:08:49 · answer #3 · answered by Joe S 6 · 0⤊ 0⤋
There may be something of use here.
2006-11-25 03:45:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋