I messed up my credit (18-24) and the I took my time to repair it. By age 30 I was above 700 and climbing. Then, I bought a business and I am going through the early grind. Destroying my credit along the way. (grrrrr).
2007-05-23 05:23:13 · 5 answers · asked by fleet1_ny 1 in Business & Finance ➔ Credit
Where I live, Goodwill Industries has a debt consolidation division. You might look in your phone book and see if there's one where you live. You also might check with the SBA (Small Business Administration) about a business loan.
2007-05-23 06:08:26 · answer #1 · answered by angela 6 · 0⤊ 0⤋
Your best way to not get ripped off is to not consolidate.. at least not with a consolidtion agency.
It hurts your credit score and doesnt really save you anything in interest payments. The only advantage you are getting is paying 1 large bill rather then a few small ones.
Trust me, I consolidated my debt when I was 22 and it dropped my credit score like 100 pts over that year. Took me the last 5 years to build it back up.
2007-05-23 12:53:19 · answer #2 · answered by Anonymous · 1⤊ 0⤋
go through your bank where you do your business banking or a agency run by a charity like the goodwill etc. Most people who run "not for profit" dept consolidation companies wind up costing you in the long run. Most all are scams run by collections agencys that get paid by credit card companies to collect debts. Your bank branch manager would be the best to advise you. The better you can build a relationship with your business bank the stonger your business will be in the future.
2007-05-26 22:18:12 · answer #3 · answered by asccaracer 5 · 0⤊ 0⤋
Be sure to go through a non-profit agency that has a record that you can look up. Stay away from the ones that do it for a profit - you will be paying them off for years. Good luck to you.
2007-05-23 12:27:31 · answer #4 · answered by Paul Hxyz 7 · 0⤊ 0⤋
The best way to make sure you do not get ripped off is to get a good faith estimate from who ever you are working with. And then take that good faith and you can compare with other mortgage companys. Make the company your going with show you a good faith estimate and you should be fine.
2007-05-23 12:36:06 · answer #5 · answered by bowling301301 2 · 0⤊ 0⤋