2007-11-22 12:26:04 · 4 answers · asked by Brittany M 2 in Business & Finance ➔ Personal Finance
There is "no best place" you can find online.
Contact the Better Business Bureau (BBB) and ask for their opinions concerning debt consolidation.
You might also want to check with your banking facilities, since they are the ones you need to make arrangements with.
2007-11-22 12:32:43 · answer #1 · answered by Living In Korea 7 · 2⤊ 0⤋
To clarify, the BBB will not make any recommendations. They merely confirm membership and good standing and nothing else.
As for debt consolidation. Don't do it. You'll just wind up digging a deeper whole. If you google the statistics for the percentage of people who consolidate only to increase their debt a year later, you will not consolidate.
First, read The Total Money Makeover by Dave Ramsey and/or John Commuta's Transforming Debt Into Wealth. Both are excellent get out of debt focused books.
As for the other answer, definitely do it yourself. You'd be surprised how willing some of these companies are to deal with you. I used to be in the business of collections and typically, if you find yourself stuck, the creditors will work with you especially if you're nice about it.
I don't like any of the "credit counseling" agencies, as most are poorly run and some are flat out scams.
Hope this helps.
2007-11-22 23:01:06 · answer #2 · answered by hatethejones 2 · 0⤊ 0⤋
I have sent several people to this site as its a great information forum . I am a active member of http://www.creditinfocenter.com as a person thats also needs help.Please use this site as its free information and a great site.
2007-11-22 20:59:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Do it yourself.
Make payments you can afford, to each of your creditors untill you are "paid-in-full, with all of your creditors and you are debt free.
2007-11-22 20:35:57 · answer #4 · answered by newyorkgal71 7 · 1⤊ 0⤋