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It is a good idea only if you have a lot of credit card debt and can not seem to pay the minimum due each month. Most of these say they will pay half the cost of each creditor but instead keeping the money you give into the debt settlement company themselves.
If you are interested in signing up for one of these, check with the better business bureau first to see if there is one in your home town and if they are a legit company. Ask around to see if any of your coworkers, friends or family if they ever heard worked with a debt settlement company before signing up. Once you are in the debt settlement program, you will not be able to use these credit cards again whatever it is that you are trying to pay off.
If you are trying to get rid of credit cards and settle your debt, take it a little bit each time. Let's day you are trying to pay off 5 credit cards, but take the one with the high balance. Work on that one first by paying $5 more then what they told you to pay and pay the minimum for the rest. After the high balance is paid off then work on the next one, then the next one until you reach down to one credit card. After paying off the other 4 with the high balance, cancel all the cards. You have to have one to go on vacation. Most hotels do not take debit.
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How is debt consolidation a good idea?
Trying to consolidate debt with bad credit is not a great idea. If your credit rating is low, it's hard to get a low-interest loan to consolidate debts, and while it might ...affordabledebtconsolidation
Is debt consolidation ever a good idea?
Debt consolidation can be a useful plan when you have a lot of high interest bills to pay. As long as you have enough reserve capital to pay the consolidated loan, it is a good idea.
Will a creditor in California prior to a defaulted debt being charged off ever consider settlement of the debt for less ie 1000 for 6000 balance?
== == Yes. A debt can be negotiated, and a discount agreed upon between the two parties. Better to get something than nothing, is the idea for those who are owed the debt.
How does debt consolidation affect getting a mortgage?
Well,You need to be sure that it is Debt Consolidation program that you have or are planning to enroll into.Debt Consolidation does not hurt your credit scores much, so you can get a refinance, provided you qualify on the criterion of the lender.If, you are opting for Debt Settlement, then be rest assured that your credit scores will take a huge dip. That would definitely cause you problems getting a refinance.Check this article I have added, explains about the difference between both. Debt Settlement VS Debt Consolidation LoanMany mortgage companies will tell you that a consolidation loan is a great idea to pay off debt. Here this option is examined in more detail and compared with the debt settlement option.When you get a consolidation loan several things happen. First the equity in your home gets "cashed out" meaning the homeowner now owes that much more on their home than they did before. It is that much more than before because of closing costs and other fees that get rolled into the loan. The homeowner would typically have an additional debt to pay (second mortgage) or at least have a significantly higher monthly payment than he did before. This may be cost effective depending on what rates of interest were being changed on the debts and is being charged on the mortgage. If the numbers work really well then in some cases debt consolidation can be a good thing................................
Is it best to borrow from mutual funds to pay off credit card debt?
No, it's not a good idea. Your mutual funds should be earning you a good interest. Consolidate your credit card debt and take out a "Line of Credit" as the interest rate is much lower.
What are some debt elimination ideas?
One debt elimination idea would include contacting a debt settlement company. You may also try contacting the creditor and arranging repayment options with them directly.
How is debt consolidation a good idea?
Trying to consolidate debt with bad credit is not a great idea. If your credit rating is low, it's hard to get a low-interest loan to consolidate debts, and while it might ...affordabledebtconsolidation
Is debt consolidation ever a good idea?
Debt consolidation can be a useful plan when you have a lot of high interest bills to pay. As long as you have enough reserve capital to pay the consolidated loan, it is a good idea.
Will a creditor in California prior to a defaulted debt being charged off ever consider settlement of the debt for less ie 1000 for 6000 balance?
== == Yes. A debt can be negotiated, and a discount agreed upon between the two parties. Better to get something than nothing, is the idea for those who are owed the debt.
How would someone find a good debt management plan?
there are so many debt management plans available. It is hard to know what to choose from, but it is a good idea to set realistic goals to get debt under control.
Can you still erased the cancelled debt after bankruptcy?
You can always pay discharged debts after bankruptcy. The discharge only prohibits collection of the debt by a creditor. To avoid reinstating the debt(s), it is a good idea not to make regular payments.
Why is it a good idea to have robots as factory workers?
It's an excellent idea for robots, you can program a machine(robot) to be perfect but you cannot program a human being to be perfect and robots are accurate and faster
Will this workout get you the best results?
It all depends on which workout you have chosen, your body type, age, gender, and your goals. Whenever considering an exercise program it is a good idea to get checked by a physician first. Then another good idea is to as someone who has tried the program you are considering to give you some advice about the best way to do it.
What does it take to be a professional editor?
A good program which you understand, materials to edit and an idea of how you want it to be!
How does debt consolidation affect getting a mortgage?
Well,You need to be sure that it is Debt Consolidation program that you have or are planning to enroll into.Debt Consolidation does not hurt your credit scores much, so you can get a refinance, provided you qualify on the criterion of the lender.If, you are opting for Debt Settlement, then be rest assured that your credit scores will take a huge dip. That would definitely cause you problems getting a refinance.Check this article I have added, explains about the difference between both. Debt Settlement VS Debt Consolidation LoanMany mortgage companies will tell you that a consolidation loan is a great idea to pay off debt. Here this option is examined in more detail and compared with the debt settlement option.When you get a consolidation loan several things happen. First the equity in your home gets "cashed out" meaning the homeowner now owes that much more on their home than they did before. It is that much more than before because of closing costs and other fees that get rolled into the loan. The homeowner would typically have an additional debt to pay (second mortgage) or at least have a significantly higher monthly payment than he did before. This may be cost effective depending on what rates of interest were being changed on the debts and is being charged on the mortgage. If the numbers work really well then in some cases debt consolidation can be a good thing................................
Is consumer debt relief a deceptive advertisement?
"Debt relief" is a vague term and could mean a lot of different things. Most of the advertising that you do see or hear is somewhat deceptive, especially debt settlement or "debt negotiation" companies that promise to help you get out of debt for only 50 or 60 percent (or less) of what you owe. Most of the time, these companies do not deliver on their promises, which could leave you in a worse off position. Check out the link below about debt settlement companies and their BBB ratings. Consumer debt relief could also potentially refer to credit counseling. Credit counseling could also be a bad choice for some people, and it is almost never a good idea to work with a for profit company that charges high fees. Even an aggressive non profit agency could be a bad choice if they are just trying to enroll you in a debt management plan without regard to your situation. If you need help with your debt (this means you are having trouble getting out of debt on your own), your best bet is to contact a reputable non profit credit counseling agency. Be sure that the credit counselor looks at your entire situation, getting a good idea of what kind of debt you have and what your income and expenses are, before recommending any particular options. The counselor should give you advice and, even if he or she recommends a debt management plan, should not aggressively pressure you into one option or another. Be sure to find a counselor that is knowledgeable, answers all of your questions, and is honest and knows what he or she is doing. Check out the links below for tips on finding a good credit counselor.
Do you thinkThe narrator's development program is a good idea in The Scarlet Ibis?
No, the narrator's development program is not a good idea in "The Scarlet Ibis" as it aims to fix Doodle physically while ignoring his emotional and psychological needs. This program ultimately leads to tragic consequences and highlights the importance of accepting and loving individuals for who they are.
