I have never filled chapter 13 but i will tell that i have been using a debt consolidation company for about 7 months and the have done nothing not one thing exept cause more pain and suffering and loss of wadges. they have compleatly messed up my whole life credit everything ruend gone. So if i were everyone and was in debt DO NOT LISTEN TO A DEBT COLLECTION COMPANY WHO SAYS THEY CAN HELP YOU. Because more likely they are going to take there money and not do anything about it to help you out you can call sent stuff waste your time and money for nothing. So you probably should just contact a lawyer and see what they have to tell you. Answer: Bankruptcy is a complicated process and it should be a last resort as it will damage person's credit for up to 10 years. Consolidating debt is always a better way to solve debt problems and protect the financial future. Bills has information and interactive tools to help consumers find the best solution for your debt problems.
"There are several ways one can get a consolidation loan. In the United States, there is a Federal student loan consolidation program that allows students to consolidate Stafford loans, PLUS loans, and Federal Perkins Loans into a single debt. One can also attain a consolidation loan through a private lender. However, the terms vary from lender to lender such as forbearances and deferments."
Almost all federal student loans can be consolidated under the Direct Consolidation Loan program. They offer multiple repayment plans and fixed interest rates. Private student loans that do not qualify for consolidation under the Direct Consolidation Loan can be consolidated through separate programs such as NextStudent, Student Loan Network, and Wells Fargo.
Special Direct Consolidation Loans are not the same as traditional Direct Consolidation Loans that borrowers would apply for through this Web site. Only certain borrowers are eligible for Special Direct Consolidation Loans. One of the Department's federal loan servicers--FedLoan Servicing (PHEAA), Great Lakes Educational Loans Services, Inc., Nelnet, or Sallie Mae--will contact eligible borrowers starting in January 2012 about the new and different online application process for Special Direct Consolidation Loans. Borrowers who may be eligible for a Special Direct Consolidation Loan must not apply through this Web site. Doing so will make them ineligible to participate in the special consolidation opportunity.
If one has a lot of different debts and can't keep track of what is going where, one may be able to consolidate the debt into one amount going out of the bank account each month. One can also enter into a DMP (debt management plan) through Step Change, where they sort it out and can arrange interest to be frozen on accounts. Debt Consolidation Care is a fantastic site showing various debts, companies are Bay View and American Dept Services to name but few.
A Federal Consolidation Loan can be applied for through Borrower Services, Direct Consolidation Loans, or Nelnet. These are all services that will allow you to complete your application online.
There are two ways one could consolidate debt online. The first would be by contacting a bank and obtaining a debt consolidation loan. The second would be through a credit counseling service such as Consumer Credit Counseling.
Trying to find out how to consolidate your student loans? You've come to the right place. At StudentLoanConsolidator.com, you can learn how the consolidation process works, view interest rates, and get started consolidating both federal and private student loans. Our helpful student loan consolidation calculator is a great way to find out how much you could save through consolidation. Get started now to find your consolidation options
"There are several ways one can get a consolidation loan. In the United States, there is a Federal student loan consolidation program that allows students to consolidate Stafford loans, PLUS loans, and Federal Perkins Loans into a single debt. One can also attain a consolidation loan through a private lender. However, the terms vary from lender to lender such as forbearances and deferments."
This really depends on your situation. Generally, debt consolidation loans will put you on a fixed payment plan and will keep your interest down. If you have high interest debt and can consolidate at a lower rate you should absolutely do it. Not necessarily. It probably will not help you any more or less then going through a regular consolidation company.
In Chicago, you may contact a debt consolidation service in Chicago through the use of many different sources. Some of these include telephone contact, e-mail, and even personal interaction.
Almost all federal student loans can be consolidated under the Direct Consolidation Loan program. They offer multiple repayment plans and fixed interest rates. Private student loans that do not qualify for consolidation under the Direct Consolidation Loan can be consolidated through separate programs such as NextStudent, Student Loan Network, and Wells Fargo.
Special Direct Consolidation Loans are not the same as traditional Direct Consolidation Loans that borrowers would apply for through this Web site. Only certain borrowers are eligible for Special Direct Consolidation Loans. One of the Department's federal loan servicers--FedLoan Servicing (PHEAA), Great Lakes Educational Loans Services, Inc., Nelnet, or Sallie Mae--will contact eligible borrowers starting in January 2012 about the new and different online application process for Special Direct Consolidation Loans. Borrowers who may be eligible for a Special Direct Consolidation Loan must not apply through this Web site. Doing so will make them ineligible to participate in the special consolidation opportunity.
If one has a lot of different debts and can't keep track of what is going where, one may be able to consolidate the debt into one amount going out of the bank account each month. One can also enter into a DMP (debt management plan) through Step Change, where they sort it out and can arrange interest to be frozen on accounts. Debt Consolidation Care is a fantastic site showing various debts, companies are Bay View and American Dept Services to name but few.
One can receive consolidation from the government by searching through the yellow pages in one's phone book, or by browsing through websites online. For instance, LoanConsolidation is a government website that deals with the consolidation of student loans.
A Federal Consolidation Loan can be applied for through Borrower Services, Direct Consolidation Loans, or Nelnet. These are all services that will allow you to complete your application online.
This depends. If you are looking to simply borrow money from a lending institution to payoff debts then yes it could provide you more cash flow in the form of lower payments. However, this requires strong credit and or potentially some collateral. If you are looking to free up some cash flow by using a debt counseling service then you may be able to consolidate some of your high interest unsecured debt (credit cards) by working through a counseling company and the credit companies. Keep in mind, having steady income is important to factor in when entering a debt counseling/consolidation program.
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.