stopccdebt
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You may wish to speak with a credit counselor. $20k is a sizable amount of debt. A credit counselor can help you develop a budget that shows you where your money is going.
Also, if your credit is not stellar (which is typical with that much debt), they can help you with a repayment plan that reduces your interest rates. You can frequently have a somewhat lower payment that still eliminates your debt within 3 to 5 years. |
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silverearth1
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if you own a home then you can go with the company that finances your home or go to your local bank |
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beez
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Unless you make a lot of money, you're in too deep to get out due to their interest charges, late fees, etc. Debt consolidation rarely benefits the person who does it. |
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hawkthree
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Any company or bank that wants to charge you a fee is not the one to use. Just start calling your local banks and find out what they offer. Get in touch with FREE charities that will counsel you. Get the counseling. They will make you feel much better as you struggle. |
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sexytrojan
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OWCH! That's a lot.
Get a 0% interest on balance transfers card. |
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Justin S
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I would strongly suggest you research debt consolidation before making it your choice. While it is very appealing, with the promise of lower monthly payments and easy one click loans, the truth is that you could be worse off in the long run. If you are seeking debt consolidation, then most likely you dont have the best credit because a few payments might have slipped by. When consolidation companies see this, they can take advantage of this by charging outrageous APRs...up to 20+%. Instead of consolidation, I would suggest prioritizing your payments. Try and pay off the high interest rate credit cards first. And always try and pay just a little more than the min payments. Generally, the min payments are just enough to cover the interest. Good luck. |
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INACTIVE
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I used a non profit organization called Consumer Credit Counseling to work out a debt management program and I'm down to $2500... from almost $30K!!! Check out the "take the first step" link at the site below. This is an accredited agency that supports non profit agencies that can help you. There's no obligation... and no fee to get information. |
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birdlady
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I would advise a Consumer Consulting Debt firm before I took out a consolidation loan.The benefit of having someone help you pay your debts with what you have sounds better than another loan ,doesn't it?Good luck |
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McBetty
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dont do that....canceling credit cards will lower ur credit score 10% each time.
its stil going to be 20k even if u consalidate.
give 10 dlls. extra each month and ur debt will be much lower in a year. |
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ratedrko24
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www.robabank.com
lol |
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Joey K
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The Bank of Las Vegas |
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Network Business Man
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www.fdimember.com/brookline |
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