Yes, Debt Cosolidation isn't a good idea and I'll tell you why. I've done research of my own and found out some disturbing information.
You've seen those long drawn out commercials full of promises to get you ouy of debt. They use words like "non-profit" and "conseling". To get you suckered in, then they got you. You call and you have 5 bills that are overdue. Remember the words "non-profit", okay now they want you to give them the account numbers and creditor names that you owe the balances. You do that and here comes the fees!
Didn't they say non-profit? Yeah right! They may charge 5.00 per account or a flat rate of 39.95 a month. Thats $480 a year, don't forget that they draw your payments out as long as possible. I mean were do you think these "non-profit" companies get their funding from?
Your looking at $1440.00 in three years. To add to that the consolidators even earn about a 10-15% commision from the creditors. You thought they were on your side...Not! That's not all, when the consolidators call your creditors they close your account. Not do you think your credit score will go up or down? Down more than likely. They also only negotiate the interest you owe not the actual balance. Debt consolidation in my opinion is a "RIP OFF".
You can do better doing it youself. You can and will if you visit http://jensgirlsonly.com/creditsecrets4you/home.htm. Sign up a FREE newsletter to get more credit help, tips and secrets like this one.
Jen at Credit secrets for you Website:http://jensgirlsonly.com/creditsecrets4yo u/home.htm
Are debt settlement companies scams? It's a simple question so... Read More
Your credit card bills are stacking up and for whatever... Read More
Before letting too much debt or too many payments get... Read More
Overcoming the stigma of being in dept, grow in self-confidence... Read More
Finding solutions to reducing your debt takes some thinking and... Read More
Debt consolidation programs are devised to get you out of... Read More
Consolidation loans can be very useful in a number of... Read More
Does this Sound like You? There are 100 shopping Days... Read More
One of the most common social diseases remains dormant for... Read More
If you are in the market for a low interest... Read More
Jane was a fun loving girl from Birmingham, you could... Read More
Planning to devise a permanent solution to the problems of... Read More
If you are looking for a company that will help... Read More
Americans are using credit cards more than at any time... Read More
First, make a list of your creditors (NOTE: you should... Read More
If you're like thousands of other people who find themselves... Read More
When it comes to debt consolidation some people dream of... Read More
If your objective is to reduce interest rates and lower... Read More
The rising cost of living can force you sometimes to... Read More
Are you the victim of a high interest rate auto... Read More
The recently passed Bankruptcy Abuse and Consumer Protection Act was... Read More
With consumer debt on the rise, many people have found... Read More
Debt management fees can vary vastly from one company to... Read More
There are many benefits in choosing a Debt Consolidation Loan,... Read More
However far you are along the road of financial/debt problems,... Read More
Should I consolidate my college loans or not?1. Still in... Read More
Credit card debt reduction is an important part of the... Read More
In a world where people use credit as much as... Read More
Are you wondering why choose a debt consolidation loan? If... Read More
Credit that cannot be managed or is not being repaid... Read More
Have you ever seen a commercial or an ad promising... Read More
Learning about debt consolidation can be quite a confusing venture... Read More
Debt consolidation programs are devised to get you out of... Read More
Are you looking to consolidate credit card or other debt?... Read More
In our world of dizzying change, nothing is more true... Read More
Credit card debts, auto loans debts, secured loans debts, unsecured... Read More
If you're like thousands of other people who find themselves... Read More
The recently passed Bankruptcy Abuse and Consumer Protection Act was... Read More
If you are in debt, you have several options available... Read More
Recently passed by Congress, the Bankruptcy Abuse Prevention and Consumer... Read More
Nowadays, many people can get into a bad credit situation... Read More
You are trying hard to eliminate your loans but keep... Read More
Sometimes life can get on top of you and out... Read More
Debt consolidation loans can be the answer to a number... Read More
Consumers looking for a way out of debt may want... Read More
Student loan consolidation is one of the most used methods... Read More
If you are overwhelmed by debt, there are options you... Read More
Debt consolidation companies have dotted the debt solution landscape as... Read More
Here is how to prepare a financial statement, for the... Read More
The first but definitely not the easiest thought that comes... Read More
Debt Consolidation Debt Consolidation |