answersLogoWhite

0

You can find a lender who will give you a better rate and take over debt spread over different places (for example, one credit card instead of many). You can also contact the debt companies either on your own or through a counselor to see if they will reduce your interest rate and/or waive penalties and fees. As a last resort, you can file for bankruptcy and allow the court and your creditors to give a reduced interest rate and perhaps total amount owed.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

How can one consolidate debt fast?

One can consolidated debt faster by seeking help from a bank to help. There are also many programs, online or in person, that can help a person consolidate debt fast.


Where would it be possible online to find information on how to consolidate debt?

There are many online resources available for those looking to consolidate their debt. There are many options to consider when doing so, including bankruptcy.


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.


IS there a way that you can consolidate all your debts?

There are many infomercials on the television offering services to consolidate one's debt. Also, if you make an appointment with your financial adviser you can discuss your options.


Why is it advisable to consolidate debt for a credit card?

It is wise to consolidate debt for credit cards when the debt is at a high interest rate, a person may take all the high interest rate debt and combine it into one debt with a lower interest rate to save money.


Where can a person go to get tips on how to consolidate your debt?

There is a vast amount of information available to those who wish to learn how to consolidate ones debt. Some sites that offer great tips are the "Bills" website and the "Debt Consolidation Care" website.


How can I consolidate my medical debt into one manageable payment plan?

To consolidate medical debt into one manageable payment plan, you can consider options such as a medical debt consolidation loan, a medical credit card, or negotiating a payment plan directly with your healthcare provider. These options can help you combine your medical bills into a single monthly payment that fits your budget.


Where can a person learn about debt consolidation or how to consolidate debt?

To learn about debt consolidation spend some time researching the Internet or talking to an experienced person. Be sure to avoid scams and research the topic carefully.


What is minimum debt due to be able to consolidate credit card debt?

don't consolidate, pay the debt off. To answer your question, it depennds on the company giving you the loan?


How do I consolidate my debt to improve my credit score?

The best way to consolidate your debt is to go to your bank and speak with their consultant. They usually have a department to help you with reducing your debt.


How can I consolidate debt on my own?

To consolidate debt on your own, you can consider options such as transferring high-interest balances to a lower-interest credit card, taking out a personal loan to pay off multiple debts, or negotiating with creditors for a lower interest rate or payment plan. It's important to create a budget, stick to a repayment plan, and avoid taking on new debt to effectively consolidate your debts.


How would someone consolidate their debts?

One way to consolidate your debts is to seek financial debt counseling from your bank or from a debt consolidator. They will discuss with you what you can and cannot do with your outstanding debt.