i know how a debt consolidation company works and once they pay off my debt i pay them back in monthly payments.
But do they help/offer helping you pay off your child support debt and student loans?
2007-02-24 15:04:18 · 5 answers · asked by ♥!BabyDoLL!♥ 5 in Education & Reference ➔ Financial Aid
No. They won't pay off anything. They just contact your credit card companies and ask them to reduce your interest rates. They combine all of the credit card debts together, add up how much the total monthly payments are and you still pay them off just as you always have. You only have one large payment now. If you contact the right kind of credit service (one that is non-profit) you are better off. The only way to pay your child support is to make regular payments on it.
2007-02-24 15:10:22 · answer #1 · answered by MsFancy 4 · 2⤊ 0⤋
No. What debt consolidation company are you talking about. Any that I have ever seen do not pay your bills. They get your rates reduced and your payments if the company will work with them. Also as far as child support goes you will just have to pay what you can each month. The key is not to miss a payment if you are making an effort then the child support agency will work with you, depending on the state you live in. Get free legal advice on the child support issue though.
2007-02-24 15:15:58 · answer #2 · answered by stitch 3 · 1⤊ 0⤋
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RE Will a debt Debt Consolidation pay off your child support?
i know how a debt consolidation company works and once they pay off my debt i pay them back in monthly payments. But do they help/offer helping you pay off your child support debt ...show more
2014-09-19 13:23:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
For Finance and credit solutions I always recommend this website where you can find all the solutions. http://finance-solution.us/index.html?src=abrhuLX41
RE :Will a debt Debt Consolidation pay off your child support?
i know how a debt consolidation company works and once they pay off my debt i pay them back in monthly payments.
But do they help/offer helping you pay off your child support debt and student loans?
2 following 4 answers
2016-10-07 00:08:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you can't do that.
and debt consolidation doesn't work that way.
2007-02-24 15:11:39 · answer #5 · answered by Anonymous · 1⤊ 0⤋