Is there any company out there that will pay all your bills and let them pay them a monthly amount? I'm in debt and just don't make enough money each month to pay all of my past due amounts and pay all my current bills. Someone told me that there were companys out there that will pay all your debt off and you pay them does anyone know of one? I'm about 15.000 in debt. Need help don't want my credit to get any worse. Can anyone help? Any suggests would be great. Thanks in advance!
2007-11-12 03:01:19 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
It's called credit counseling. You turn over all your income to the company and they in turn restructure and pay off your debts. For a fee.
2007-11-12 03:11:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Credit counselling companies don't pay off all your debt then let you repay them, but they do negotiate with the companies you owe to often get reduced interest and extended terms.
Be very careful - many of the "credit card counselling" companies are scams.
2007-11-12 12:19:31 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
What you're talking about is a debt consolidation loan. Yes, they exist.
2007-11-12 11:11:42 · answer #3 · answered by npk 7 · 0⤊ 0⤋