I am 20 years old and I am interested in consolidating my bills. I owe about 2,000 and it may not seem a lot, but to me it is very hard to pay them. When you do this, does it affect your credit? Is there a certain limit of debt that you need inorder to colisolidate?? Please help i am looking for information.
2007-03-02 06:40:48 · 6 answers · asked by jennisea04 3 in Business & Finance ➔ Personal Finance
You are wise to want to pay off your bills now before you owe too much money. I went to a credit union (better than a bank) and got a loan and paid off all my credit cards. The interest rate I'm paying is a lot less than the finance charges I was paying on the credit cards. Just keep one store credit card and an American Express card for use in restaurants, travel, etc. Don't get into credit card hell like I did. Shop smart.
2007-03-02 06:46:01 · answer #1 · answered by Me, Myself & I 4 · 0⤊ 0⤋
I have found on the net that there are a lot of things about fixing your credit you can buy some good some not. I started to use one of those companies that help with consolidation but, I bought these programs that have worked wonderfully. If you follow their easy instructions you will improve you credit and credit score. They even have the forms or letters you should use to send to the credit bureaus. I even bought some for my daughter who filed bankruptcy and she has improved her credit also. They teach you everything, how to increase your fico to reading your report and how to go about cleaning your report. I try to tell everyone about these programs because they are so good. I feel I have gotten my moneys worth buying them. The address is below
2007-03-02 07:22:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
in case you experience you want to consolidate, do it. What i could do first is clean your kitchen table and lay all of your costs out. Prioritize your costs. a minimum of pay the minimum on all costs, then handle those with the smallest balances first, and pay more suitable to erase that bill. If it truly is a mastercard, call them up and cancel the cardboard. Then what ever you paid for that card, use it to next bill, etc. by technique of tackling your balances, you'll experience accomplishment. in case your able to get a decrease price on any of your cc, move as a lot as you are able to, then cancel the cardboard that has a nil stability. maximum significant, a minimum of pay the minimum and construct a reliable music record which will carry about decrease prices contained in the destiny reliable luck!
2016-12-05 03:54:27 · answer #3 · answered by ? 3 · 0⤊ 0⤋
take out a personal loan, to cover the 2K
Debt consolidation is usually for people who are tens of thousands behind.
2007-03-02 06:47:32 · answer #4 · answered by fighterace26 3 · 0⤊ 0⤋
Call one of your lenders they have all the answers
2007-03-02 06:47:17 · answer #5 · answered by J 3 · 0⤊ 0⤋
when you figure it out let me know
2007-03-02 06:44:43 · answer #6 · answered by joe_blow_1981 1 · 0⤊ 0⤋