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What will happen if you can not make the payments to a debt consolidation program?
Wiki User
∙ 19y ago
If this is a Chapter 13, you can petition the court for a modification or refiling. If it is with a private CC org. they can amend your contract. If it is a 13, contact the trustee as soon as you can and explain your difficulty. Do not let it default. Texas is a community property state. Unless the debt was incurred before your marriage it is your husbands debt also. In community property states, it is irrelevant whose name the account is in if you are married.
Wiki User
∙ 19y ago
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What are consolidation bills?
Consolidation bills are the new bills to be paid after one has gotten into a debt consolidation program. Before debt consolidation one might have five monthly payments on five different loans. After debt consolidation, those five payments are rolled into one payment which is usually lower than the total of the original five.
debt counseling?
consolidation debt program
Is there any services available in Denver to help people who need financial help to reduce their debt?
The Colorado debt consolidation program, The primary purpose of the Colorado consolidation program is to merge your monthly payments on different accounts into one account to help you make monthly payment.
Can a collection agency garnish your wages even if you are making payments with a debt consolidation agency?
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 :)
Consolidate Your Debt And Spend Less?
Debt consolidation programs have become a popular way for people to reduce their overall debt while at the same time reducing their monthly debt payments. Debt consolidation programs work with a debtor's creditors so that interest rates can be reduced, and many times so the overall debt that is owed to the creditor can be reduced. A debt consolidation program helps a debtor restructure their debt repayments by consolidating them into a single payment. This type of program also helps a debtor enter into a debt repayment plan which enables the debtor to organize their financial activities and avoid defaulting on repayments. Many people join a debt consolidation program so that their creditors will stop harassing and contacting them. As soon as a debtor begins a debt consolidation program their creditors must stop contacting them. Debt consolidation programs also require their clients to enter into debt counseling which helps the debtor avoid going back into burdensome debts once they get out of the debt they are in.
Debt Consolidation from Non Profit Organizations?
Debt consolidation can be resolved not only with debt consolidation loans, but through the use of debt consolidation organizations. These organizations will come to an agreement with your creditors, and allow you to make all your payments to the organization rather than your creditors. Generally, you will be able to get your monthly payments reduced to something that you can afford, and you might get your interest rates reduced as well. It is important to realize, however, that just because a debt consolidation organization is non profit, this doesn't meant that they won't charge fees or take a percentage of your payments to remain in operation.
What free services assist with debt consolidation?
Debt consolidation is favorable for those who're struggling to manage multiple debts and cannot afford to make several payments each month. Debt consolidation program gives them a way out by which they can replace multiple bills with one low monthly payment and pay off debt with ease. When you consolidate debt, you pay less each month and save thousands of dollars.
How does debt consolidation work?
Debt consolidation works by combining multiple debts into one monthly payment, usually with a lower interest rate. Debts like credit cards and medical bills often have high interest rates, so you can save on interest (and pay off your debt faster) by reorganizing them into a single, lower-interest loan.
Does debt consolidation decrease credit card payments?
This is the Website that i found most helpful when looking for info on Does debt consolidation decrease credit card payments. here is the website www.bankrate.com/calculators/.../minimum-payment-calculator.asp... - Cached
Does debt consolidation help credit score?
If you are struggling with overwhelming debt and have too many bills and not enough money to pay them all then you should always opt for consolidation Debt consolidation lowers your monthly payments and helps you get your finances under control....!"
Is there a valid debt consolidation program?
Yes, many exist.
What does christian debt consolidation do?
Christian debt consolidation is a plan that takes care of your debt or you and make monthly payments easier to pay. They also help you to financially stabalize yourself using Biblical principles.
