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Does a consumer credit consolidation counselor make much money?
Wiki User
∙ 12y ago
A consumer credit consolidation counselor is usually a nonprofit counselor for debt consolidation. Those who are paid typically charge astronomical rates to the consumer.
Wiki User
∙ 12y ago
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Where can I learn about debt consolidation?
There are many websites on the internet that offer information about debt consolidation. A few of these sites include: Money Supermarket, Lending Tree and Consumer Credit.
Can a consumer credit counselor assist with past due accounts and creditors?
While consumer credit counselors do give sound financial advice they are not a cure-all for financial hardship. They won't help you earn any more money, and they certainly won't pay your bills.
What is the difference between Credit Consolidation and Credit Settlement?
In general terms, credit consolidation is used to structure a person's situation, so they can continue to meet financial oligations. Placing all debts into one payment that is acceptable and achievable for the debtor. Credit settlement, usually refers to the terms/amounts a creditor will accept for a debt. The consumer should always use caution when dealing with credit consolidation agencies, or those claiming to "settle your debts." Most are running their own "money making agendas" and not overly concerned about the welfare of the clients.
Where can someone get consumer credit counselling?
Money Management, CareOne Credit, and Consumer Credit are just a few of the many online resources that can assist when you need consumer credit counseling.
Why do credit cards considered money or not considered as money?
Because money consideration is granted credit into card formation bedfellow however the consolidation of the derivative card of credit is pennywise but pound cake foolish
Who does one talk to when you need money fast?
"When one needs fast money, a good person to talk to would be a credit counselor. A credit counselor can educate you on how to come out of debt and avoid future debt."
Explain why consumer credit can be costly?
consumer credit can be costly because when you used someone else money you have to pay interest
Would a credit counselor be able to help me fix my poor credit?
The best type of help for a person with bad credit is a non-profit credit counselor. These types of credit counselors are funded by the government and they are not meant to make money out of a person's situation.
Where can one find a credit card debt consolidation calculator online?
There are several on-line credit card debt consolidation calculators available. For example MSN Money, Bankrate and Wells Fargo all offer this service.
What can you do if you're trying to pay off credit cards but the minimum payments are so high that you can't get ahead the credit card company will not lower the rate despite on-time payments?
If your credit is good enough you can apply for a signature loan or "consolidation" loan at your bank to pay off the credit card and just make the loan payment. That is what I did with all my credit cards. If your crfedit is not in that good of shape then you can try a debtr consolidation company like Consumer Credit Counseling or you can try a Debt Negotiating company. The difference between the two are that with a consolidation company, you send them so much money and they split it between the creditors. With debt negotiation...you put money in a savings account and when you accumulate so much money the company will negotiate with your creditors to get them to except less than what you really owe.
Debt Consolidation Calculator?
Debt is a ubiquitous problem in America today. According to the Federal Reserve, as of December 2010 total consumer debt stood at $2.4 trillion. This load is divided into revolving and non-revolving debt. Revolving debt consists of mostly credit card debt. Non-revolving debt consists of mortgages, loans and other outstanding debt. Despite this seemingly overwhelming burden, most consumers still want to save money. They may consider debt consolidation as a solution. The problem is that consolidation may end up raising their monthly payment beyond their means. Debt consolidation calculators can help them figure out if this option is right for them. The calculator takes basic data and gives the consumer their estimated monthly payment. The consumer inputs the amount of each credit card, mortgage and other outstanding loans. The consumer then adjusts the terms of the estimated consolidation loan such as the interest rate and duration. With this information, the consumer can then look for a lender willing to make this loan to them.
How does one obtain a credit card debt consolidation loan?
There are a number of ways for one to obtain a credit card debt consolidation loan. One option is to view websites such as Money Supermarket which can provide and compare details of a suitable companies.
