What company is the best at debt consolidation.
2007-03-21 12:29:54 · 6 answers · asked by delnquent24 2 in Business & Finance ➔ Credit
check out suzeormann.com
she is pretty smart
and drphil.com
2007-03-21 14:32:41 · answer #1 · answered by christine w 2 · 0⤊ 0⤋
The best form of debt consolidation depends on your circumstances. I would recommend going to your bank first. They may be prepared to give you a loan to pay back your debts and even out the payments over a longer period of time.
If the bank can't or won't help you, it pays to do your own research. There are different forms of debt consolidation and you will have to work out which is best for you.
There's a website here with lots of useful information. I hope this helps.
Good luck!
2007-03-23 13:08:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
When you gets into a debt trap it becomes difficult to get out of it. Taking more loans to repay the debts leads to more stress and financial crisis. Finally, there is no option but to adopt debt consolidation, which leads to a new llease of life. Many people receive abusive calls from debt collectors and are stressed. Hence opting for debt consolidation is the number one solution and helps to overcome abusive calls and be free from mental stress.
2007-03-22 09:10:11 · answer #3 · answered by stone m 2 · 0⤊ 0⤋
A debt consolidation will only help you make minimum monthly payments. There will be no reduction in the principal debt amount.
Whereas a debt settlement company will negotiate with your creditors and brings down your principal debt by around 30% to 70% depending on your credit cards. You can make affordable monthly payments and be out of debt with 3-36 months.
There are no hidden costs and upfront fees associated with the monthly payment options.
Check out this debt settlement company who has helped me out with the unsecured credit card debt problem.
http://www.debtfreeafterall.com
Good Luck
2007-03-22 15:55:41 · answer #4 · answered by Hima K 2 · 0⤊ 0⤋
No one. If you haven't corrected the CAUSE of the debt, CONsolidation won't help. If you have, paying the original creditors works just as well.
2007-03-21 21:14:05 · answer #5 · answered by STEVEN F 7 · 0⤊ 0⤋
I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.
2007-03-22 01:13:42 · answer #6 · answered by TeeGee 1 · 0⤊ 1⤋