Best Answer

Keep in mind the 125 loan will probaly have high interest or some other means of increasing the payment in the future. The lender wants to be covered for their risk. Talk to a banker about the loan and an Attorney about the debt couseling agencies. That should give you your answer. Check out either company you decide to go with by calling the BBB of your state.

User Avatar

Wiki User

โˆ™ 2007-11-09 22:37:19
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: How do you decide between a 125 no equity loan or a debt counseling agency to consolidate your huge credit card debt?
Write your answer...
Still have questions?
magnify glass
Related questions

What is a credit counseling agency?

A credit counseling agency is a business, or partnership which gives advice on either boosting your credit scores, and expunging credit blemishes from your record.

Where to go for bad credit counseling advice?

If you need bad credit counseling advice, seek the help of a credit card counselor from a reputable credit card counseling agency that is certified and licensed. You can check out your local consumer protection agency or Better Business Bureau for recommendations.

What is a credit counseling agency that can help me with finances?

Credit counseling can be found at many government agencies. Locally, your personal banker may be able to direct you to a reputable credit counselor or coach.

How much debt is necessary to qualify for a credit counseling agency?

A credit counseling agency is a good bet for anyone who is struggling with debt, no matter how much debt is on the books. The service they provide if only advice is good and sound.

What is a credit counseler?

A credit counseling agency is a business, or partnership which gives advice on either boosting your credit scores, and expunging credit blemishes from your record.

How can you find assistance to consolidate debt?

There are many companies that work to consolidate consumer debt. Credit Counseling companies offer low cost options without looking into bankruptcy filing and often come out on top of other options. Consumer Credit Counseling is a great company that offers many programs in debt consolidation.

Which organisations offer consumer credit counselling services?

Some organizations that offer consumer credit counseling services include the Association of Independent Consumer Credit Counseling Agency and Consumer Credit Corporation. Another company in the same industry you may bee interested in is the National Foundation for Credit Counseling.

What is the best way to get a debt consolidation?

The best way to get a debt consolidation is go to a consumer credit counseling agency. The credit counseling agency will give the customer a consular. The consular will be able to help you create a payment plan and work with the credit company to get a lower interest rate for the customer.

How can one find help to consolidate one's credit card debt?

One can find help to consolidate one's credit card debt by checking out websites which offer debt relief and counseling services, for example In Charge, Care One Credit and Consolidated Credit. Other agencies which assist with debt relief are Repay Debt and Prosper.

Where can you learn how to consolidate lenders?

Many individuals seek help from credit counseling agencies to consolidate lenders, but sites like Marketwatch, CNN Money, Dave Ramsey and Bankrate all offer free financial advice.

Where can one get some consumer credit counseling?

American Consumer Credit Counseling is a nonprofit credit counseling agency that helps consumers take control of their financial lives through credit counseling, debt consolidation, and financial education. Since 1991, we have been improving lives and providing solutions to people in need of financial help debtredemption.

Can you use a credit counseling service to pay the deficiency balance in a repo in nc?

I was a Certified Credit Counselor in the state of North Carolina, and the answer to your question is no. The only accounts that a credit counseling organization will accept are revolving accounts (credit cards), payday loans, utility debts, and medical debts. Repossessions will have to be negotiated between you and the collection agency or lender that has this account.

People also asked