i have one account in collections, and the rest are very far behind, i can work with most of them to get back on track except the one in collection, just wondering if it would be better to get a new loan to at least payoff the account in collection or get them all put into a credit counseling program? i was just hired at a new job, so either option would have to wait til i actually start working, but trying to figure out what to do to try to get out of this mess
2007-03-23 07:40:36 · 2 answers · asked by angelchild24 1 in Business & Finance ➔ Credit
"Credit counseling agency are filled with experts, to help you get out of debt. These agencies have programs which helps to solve the problems.
Debt management programs helps you to prepare a budget which help you to tackle the situation. You make an agreement with the agency to start the process of clearing your debts completely. The counseling agency then negotiates with your lenders, and fix a lower monthly payment. "
2007-03-24 01:01:49 · answer #1 · answered by stone m 2 · 0⤊ 0⤋
There is always bankruptcy as an option
2007-03-26 16:22:28 · answer #2 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋