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How can you get help with a credit consolidation place if your debt is in collections and not on credit cards?
Wiki User
∙ 15y ago
Hello,
1. Debt Consolidation takes only those debt which are current.
2. This means, the collection agency that has your debt is not at all related to the Debt Consolidation program.
Thus they are free to take any action against you.
My suggestion,
If it is a small debt, work out something with them and pay them off.
If it is a huge debt, consider Debt Settlement.
Thanks!
This is not legal advice :)
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Wiki User
∙ 15y ago
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Where in Canada can one find information about debt consolidation?
One can find information about debt consolidation on financial websites such as Credit Canada, Consolidated Credit, and Credit Counselling Canada. Also, the bank a person has a relationship with is a good place to get this information.
Where can one find out the rules for the bad credit debt loan?
The most reliable place that one can visit to get information on the rules and regulations of bad credit debt loans is the Federal Trade Commission website. They offer a myriad of articles on coping with debt, consolidation, federal laws consumers should know about credit card fees, collections and even bankruptcy.
Where is the best place for students to apply for credit cards with no credit history?
There are many companies that cater to students with no credit history. One of the largest companies is Chase but store credit cards are also good to start.
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Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Can debt consolidation be bad for your credit?
It depends on how you do it. If you use a place that consolidates your debt by asking credit card companies & other creditors to reduce your debt or interest rate, then yes, it could be harmful to your credit rating. If you are just consolidating your debt by getting a single loan to replace other loans, then there should be very little, if any effect, good or bad, to your credit rating. There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. It depends on your situation. If you are in way over your head like have 5-10 credit cards open and have a balance to pay for 10 of those then I would go apply. Why are you paying 10 credit cards, rent/mortgage, food , transportation , utilities and medical expenses? Where are you going to get the money to do all that and still have no money to your name? Ask yourself this: How much do you have in your bank that is a positive number? It does not matter how much money is your income, but once your employer deposit your check into your bank, everything goes out to bills which leaves you with no money. Sure it affects your credit, but at least you are not having 10 creditors bugging you for money. There are secured credit cards for people who learned the hard way of credit
Where can I find good credit cards debt consolidation in Boston?
Boston Credit Card Debt Consolidation is one place boston.massdebtconsolidation.com 198 Tremont Street, Boston - (617) 401-8439
Where in Canada can one find information about debt consolidation?
One can find information about debt consolidation on financial websites such as Credit Canada, Consolidated Credit, and Credit Counselling Canada. Also, the bank a person has a relationship with is a good place to get this information.
Where is a good place for information on credit cards?
A good place for information on credit cards is the local bank. A representitive from the bank will be able to give information and advice on new or existing credit cards and will see which plan is most suitable.
Where can one find out the rules for the bad credit debt loan?
The most reliable place that one can visit to get information on the rules and regulations of bad credit debt loans is the Federal Trade Commission website. They offer a myriad of articles on coping with debt, consolidation, federal laws consumers should know about credit card fees, collections and even bankruptcy.
Where is the best place to look for business credit cards?
If you are looking to get a business credit card for your business office then I would suggest checking out discover card or visa for their business credit cards.
Where is the best place for students to apply for credit cards with no credit history?
There are many companies that cater to students with no credit history. One of the largest companies is Chase but store credit cards are also good to start.
Where can you get credit cards for college kids?
You can find many different offers for credit cards for college students. One great place to start is creditcards.com. They offer a wide selection of many of the available credit cards available for college kids.
Can debt consolidation be bad for your credit?
It depends on how you do it. If you use a place that consolidates your debt by asking credit card companies & other creditors to reduce your debt or interest rate, then yes, it could be harmful to your credit rating. If you are just consolidating your debt by getting a single loan to replace other loans, then there should be very little, if any effect, good or bad, to your credit rating. There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. It depends on your situation. If you are in way over your head like have 5-10 credit cards open and have a balance to pay for 10 of those then I would go apply. Why are you paying 10 credit cards, rent/mortgage, food , transportation , utilities and medical expenses? Where are you going to get the money to do all that and still have no money to your name? Ask yourself this: How much do you have in your bank that is a positive number? It does not matter how much money is your income, but once your employer deposit your check into your bank, everything goes out to bills which leaves you with no money. Sure it affects your credit, but at least you are not having 10 creditors bugging you for money. There are secured credit cards for people who learned the hard way of credit
Am I still allowed credit cards after bankruptcy?
Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.
Where is the best place to find guaranteed approval credit cards?
You can go to creditkarma.com. There you will be able to see all the guaranteed approval credit cards which are out on the market right now.
What companies offer pre qualified credit cards?
There are many places that lists many companies offering per-qualified credit cards with competitive interest rates. CreditCards.com is a great place to look for credit cards since they list many different kinds from different companies that offers per-qualified credit cards with competitive interest rates as well as credit cards for people who never had a credit card before and want to build their credit.
Where can one find information about fixed rated credit cards?
Credit cards are offered everywhere these days. But a few credit cards are monitored by experts to find the best deals in the current market, most of these credit cards are free without any obligation. Finding information about fix rated credit cards is easily achievable at the local bank, or any of the best offering credit card companies in the market. But the best place to check first is the local bank that issues fix rated credit cards.
