I haven't started the Credit Consolidation process yet, but I intend to get my debt under control and paid off within the next two years. In looking into it however, I have seen that the overall goal is to reduce the monthly payment (say to $250-$300, for my type of debt).
My debt is relatively manageable (11k) with my annual income, but the fact that it is on 13 different credit cards is killing me in terms of paying off the cards completely. I would like to have one huge debt, and make one huge payment in order to pay off my cards pronto.
Do Credit Consolidation agencies let you make higher payments to pay off your debt quicker?
2007-03-26 14:36:21 · 2 answers · asked by Leelee P 1 in Business & Finance ➔ Credit
im doing that not expect mine are all in collections. i saw a show on nbc about this credt company that can help and they are. its www.creditsolutions.com and they guarntee to get the debt paid off by 36 months. i had 15,000 and got my debt reduced to 9,000. i only pay 288. a month but i am putting extra money done so i can get everything paid off faster... good luck
2007-03-26 15:32:45 · answer #1 · answered by jenks1545 4 · 0⤊ 0⤋
You'll need to check with the agency and read the fine print. Some will allow it, some won't.
2007-03-30 07:22:08 · answer #2 · answered by jdkilp 7 · 0⤊ 0⤋