Debt Consolidation?

Question

I am about to get myself into a debt consolidation program. Got some pay day one loans, credit cards, lost work at the office. Can someone tell me of some good places for this in California. Please share your experiences with the places and how much I end up paying. Thanks.

Answer 1

When you start to look at the different companies to handle your situation please do your research. Working in this industry has taught me so many things and I have wised up to the fact nothing is as appears. Don't ever trust the BBB, I worked for a company a number of years ago , in perfect standing with the BBB but under so many lawsuits and yet none were reflect on the BBB. Check your company out on ripoffreport.com Its a great site and you will get a non bias perspective.
Fully Know your options
When I go over the different programs with my clients I make sure that they understand the laws in their state( laws concerning debt vary by state) and I also make sure they understand the worse case scenario.
Don't ever believe that their are NON for profit agency's.
Big fib. Their are not and real non for profit agency's. Consumer Counseling services is funded by your creditors know that going it.
4. Understand the programs. I am not bashing ccs they have helped a lot of people. Each program is suited for a particular clients. There are pros and cons and your situation makes you a better candidate for one or the other. Their are a lot of unscrupulous companies. Here are some guide lines to follow when choosing a negations company
1.The chosen company should not ever touch your money. They need to use a 3rd party and keep the payment bank structure for transfer, always keeping your money no matter what FDIC.
2. Make sure their not on ripoffreport.com or currency being sued
3. They should never charge over 15%
4. everything should be based on 44% and thing less and you may end up having to pay more money in the end.
5 A reputable company will not guarantee the out come. Experience tells us one thing but the FTC does not allow our companies to make promises.
6. Read your cancellation policy
7. Get everything in writing.
8. Make sure they are accredited and licensed.
Last of all even thought their are some good companies in California and Florida these states are know for the fly by night companies because regulation is so lose there
Its great your getting your debt life on track. Just do your home work be committed and know anything you do short of pay your creditors 150% will affect your credit score one way or the other. Credit is not permanent and the money you save could very well be worth it.
Kourtnie Donihoo
Debt Analyst
Enhanced Debt Assistance

Answer 2

I would call two or three different ones first.

What you have to ask your self is why am I doing this. Is it to reduce payments or fix credit. If your goal is to fix credit make sure that your company buys your debt and the old credit comes off your report as paid in good standing.

You may want to go to www.ljogroup.com/libray.htm??? or contact them. They offer free advice and do not sell the service. They may be able to help you.

Answer 3

Personally I would do this myself. I would search online for every debt management site I could find and take snippets of information from them to increase your understanding of the process. With this in hand I would then formulate my own debt management strategy, speaking with my creditors and making my own arrangements. This way there is an amicable solution and no cost to you.

Answer 4

Payday loans frequently have an exceptionally intense activity fee, and is merely useful in case you desire it desperately for an exceptionally short volume of time, and are beneficial which you will pay the activity fee on the deepest loan

Answer 5

Go to a non profit one