A question I'm sure has been asked a million times...?

Question

I need a good place to fix my credit i have two credit card debts and don't have enough money to pay off all my bills... my fiancee and i got into a really tough spot for a while there with both our jobs... i just need a good place to go... i don't mind if they give me a loan and i have to go ahead and pay them off... also... im a student... do you think i could get low interest at some places?

any good place i can call or a place online i can go to??

Answer 1

Have you tried calling your creditors (CC companies) and seeing if you can work out a payment plan? If you tell them your situation they may be willing to work with you. If not, you may want to try for a 0% APR card, transfer your balances, and don't make any purchases on that card. Make needed purchases on the cards you "were" in debt on because the purchase APR is NOT 0% and will accrue interest until you've paid off what's at 0% (the lowest interest is paid off first... that's how the credit card companies work it so that they "win.")

Answer 2

In all honesty, any of the places that do that, charge you a fee. I'm not saying they are bad. Some of them are a Godsend for people that are in over their head and can't figure out how to get out. But be careful. Some of them are just total ripoffs so check them out carefully if you decide to use one.

You can probably do this by yourself without paying additional fees to someone else.

Call the credit card companies. See if you can negotiate a lower interest rate. Sometimes they'll do that. Then start paying more than the minimum payment every month. You will never get out of debt if you're only paying that minimum. It barely covers the interest they are tacking on every month.

If you can't meet the minimum right now, you need to talk to the creditor. Don't just stop paying. It will screw up your credit score for a long time. Call them. Most of them are willing to work with people they think are making an honest effort.

Answer 3

You need to talk to a Credit Counseling agency. These are companies that work with credit card companies to help reduce your interest rate(sometimes to 0) and enable you to make a single montly payment.

You can go to the following site on how to pick one and they have several questions you should ask.
http://www.ftc.gov/bcp/conline/pubs/credit/fiscal.htm

Then you can do a search for "Non Profit Credit Counseling". The Non-Profit companies tend to have lower fees.

You really don't want to take out another loan as what tends to happen is that you pay off the cards with that loan, but instead of cutting up the cards people start to use them again. In time they not only have the loan that was supposed to pay them off, but now they have the Credit Card Debt again.

Answer 4

You can't get a loan to get out of debt. Transferring money is not a solution. There are a number of companies that can help, if you do contact a debt company, make sure you do your research.
No solution is 100% positive, without any negative parts. If you speak with a company that says all positive, they are not being truthful. Get as much information and check the companies out thoroughly.

Answer 5

You will most likely have a tough time obtaining a low interest rate on a personal loan due to your credit problems. Here is a site that has helpful information about various loans. Good luck! http://loan.divinfo.com/

Answer 6

Credit repair does not require the assistance of a service. You can take a number of steps to help repair your own credit.

Although there are numerous credit repair companies offering their services for a fee, savvy individuals can do their own credit repair with a few simple steps. The advertisements placed by credit repair services touting their experience, qualified personnel and other qualifications can make the process seem daunting but it is really quite simple.

The basic steps for do-it-yourself credit repair include:

Request a credit report from all of the three credit reporting agencies
Carefully review all of the information on the credit reports
Dispute any mistakes on your credit report and document every step of the dispute process
Devise a debt reduction strategy
Establish good credit strategies now and carry them into the future
The first step of do-it-yourself credit repair is to request a copy of your credit report from Equifax, Experian and Trans Union. These are the three major credit reporting agencies and individuals are entitled to one free credit report annually from each of these agencies. Requesting a report from each of the three agencies is important especially if you believe there may be a mistake on one of the reports. The information on all three reports will be similar but mistakes may only appear on one of the records.

Once the credit reports are acquired it is time to review all of the information carefully. Each item on the report should be examined and discrepancies should be noted. In reviewing this information, highlight anything that seems suspect and review your documentation to verify the validity of the item.

After compiling a list of mistakes, it is time to officially dispute any inaccuracies on the credit report. The dispute processes will most likely involve filling out a dispute form or writing a letter detailing the alleged mistake. In both cases documentation supporting the validity of the dispute will be required. For specific information on how to officially file a dispute, contact the credit reporting agency directly. Once the dispute process begins, document every aspect of the process. This is important because dispute resolution is a time sensitive process with specific guidelines for how quickly a dispute must be resolved. The agency may be required to remove a disputed item from a credit report if they do not respond in a timely fashion.

When a negative credit report is a result of a poor credit history and not mistakes, only time will properly repair the credit. The long term credit repair strategy for financial errors in judgment includes devising a debt reduction strategy which will demonstrate diligence and establishing sound credit strategies which will be viewed favorably in the future. Credit reporting agencies do not hold grudges. Credit lapses are removed from credit reports after set periods of time and a history of good credit is rewarded with a solid credit score.

Answer 7

I don't know if you could get a loan. Please, continue making payments on your debts. Even if it's just $5.00 per month. It's better than nothing. And pay them on time, or you will get a higher debt with late fees they can charge. Try banks, credit unions. Take care.