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== == == == * A debt consolidation loan is a loan you get to pay off multiple loans or lines of credit. Debt consolidation loans are useful when you have varying amounts of debt on varying items (car loan, credit cards, medical bills, etc.). The idea is to get a loan at a fixed and low interest rate to pay off your varying debts. It typically lessens the total amount of money you end up paying. Credit counseling, also known as as debt management plan is another solution to handle debt that is spiraling out of control. Reputable credit counselors actually offer a wide range of solutions based on your specific situation. They'll review your finances, advise you about budgeting, and devise a program to help you get out of debt. * When a lender loans money to payoff all your credit cards and other debt, you have one monthly bill which is paid the lender. Often these loans do not have a lower APR and can be as high as APR(Annual Percentage Rate)'s of 24 percent. Even if you do get a decent APR you are still in debt. The big mistake is people give up secured debt for unsecured debt. Most Debt Consolidation Loans are given in the form of home equity loans which means if you do not pay you lose your home. * A second way that credit counseling can be a "good" term is to actually mean counseling. Many credit reduction companies and private financial institutions offer credit counseling as a type of financial planning. Counseling can help figure out how much debt is owed and how to control debt in the future.
What else can I help you with?
How do I find a financial consultant to assist me with debt consolidation?
A debt consolidation company gives the customers counseling and solutions in debt settlement, credit counseling, and budget management. You can opt for non-profit agencies or paid ones.
Do you have to include all credit cards in a debt consolidation?
No matter what company that you decide to go into, they will put up your credit report to see if you are eligible for debt consolidation. However, not all of them approve debt consolidation plans from credit counseling especially bank credit cards. First it will be a 3 month wait to see if they actually approve the credit counseling plan. After that, you will see payments begin posting. I will not agree to anything about no debt consolidation unless it is in writing and I can fax over my credit statements.
Options are there before bankruptcy?
You can try credit counseling, as well as debt consolidation. That way your credit won't be ruined.
What company or individual offers debt management services in the Baltimore area?
American Consumer Credit Counseling provides credit counseling, debt management, debt consolidation and financial education services to consumers nationwide.
Where can one apply for debt consolidation with bad credit scores in Alberta?
You can apply for debt consolidation with bad credit scores from the Alberta Credit Counseling company as well as many other debt management firms. It is best to seek out a reputable service for this.
debt counseling?
consolidation debt program
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.
Where could one receive consolidation services 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.
Does debit consolidation hurt your credit?
{| |- | There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. |}
What company will give me the best advice on debt consolidations?
Care One Credit will help you with debt consolidation and credit counseling, however, they are not free. http://www.careonecredit.com/
Where could someone get debt consolidation advice at?
Credit counseling If you're struggling to manage your debt, credit counselors can also set you up with a debt management plan. Credit counseling agencies typically have contracts with creditors with lower interest rates than what you may be currently paying. debtredemption
What consolidation specialists can a person find to speak to about consolidation debt?
The consolidation specialists can be found at any of the myriad of credit counseling agencies that are found countrywide. Consolidation is a mainstay of the credit counseling agencies because that is one way of placing many bills into one payment at a reduced interest rate.
