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debt consolidation?

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Eric80
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I do not know the company, so can not say much about it.

In most cases, consolidation is good for you, however, you need be careful for the interest. if you cna not get low rate, then consolidation could make things worse.
Post Tue Jul 13, 2010 7:35 pm
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Credit Money & Life
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The company he is referring to is not an actual consolidation. Its just a company that he pays to tell him what to pay each month. It is really a waste of money.

You can get the same information off of any website when you type in debt calculator. CNN Money has a good one.
Post Tue Jul 13, 2010 9:36 pm
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pwsolutions
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Re: reply  Reply with quote  

quote:
Originally posted by Stuartthomas
one of my friend got a great help from one of the leading debt management firm..he is not able to clear all his credit debt..also they reduces the payment he is now paying..



Debt Settlement is a good option, no doubt. but it needs care and full concentration. before you go for debt consolidation, make sure that you are enough flexible in monthly expenses and cooperate with your wants and unnecessary needs.
Post Wed Jul 14, 2010 5:42 am
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gillian12shaw
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Thanks for the tips. I generally use these brushes for all my last time edits. Keep them coming.
Post Mon Jul 19, 2010 5:06 am
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Credit Money & Life
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quote:
Originally posted by pwsolutions

Debt Settlement is a good option, no doubt. but it needs care and full concentration. before you go for debt consolidation, make sure that you are enough flexible in monthly expenses and cooperate with your wants and unnecessary needs.


You are right on point. Also make sure that the Debt Settlement Company you work with is an actual Law Firm and in the event that you get sued, that the company will have an attorney represent you in court.(Get it in writing in their contract)

Don't fall for company traps that they are a "Attorney Based Program" where the attorney there just reviews your file and thats it.
Post Mon Jul 19, 2010 9:46 pm
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sl423
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Re: debt consolidation?  Reply with quote  

quote:
Originally posted by lucyjrobert
I have a lot of loans that piled up during college--does anyone have advice on debt consolidation? I was looking at a program called Debtwise that is supposed to help. There is just so much information out there it is really overwhelming.


Lucy,

If these are student loans (federal specifically), just use the government staffed website to do this. The application is free, and it takes around 45 days to go through. I just submitted mine not even a week ago.

I would read all the materials it says to read before you start just to make sure you do not miss anything, because if you do they might make you start all over again.

Here is the link: http://www.loanconsolidation.ed.gov/
Post Tue Aug 10, 2010 1:04 pm
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genniechan
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The key to repairing bad credit is to write a properly formatted letter of dispute to one or all of the credit bureaus and send them out via registered mail.
Post Wed Aug 11, 2010 4:28 am
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teal1066
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You are right really debt consolidation is a wide topic to discuss.But it can be helpful when you are in credit.
Post Tue Aug 31, 2010 2:15 pm
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moonraker1
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Debt consolidation can be done with the help of personal finance through instant payday loans with minimal obligations and fast approvals.
Post Tue Sep 07, 2010 10:01 am
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Financial Advisor
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Whether a person should choose debt consolidation or not depends entirely on him and his financial condition. The purpose of debt consolidation is to help people who are struggling to balance multiple debts with varying rate of interest. With a single payment each month, it would be easier to manage your finances and save money. However, if you continue with the poor spending habits that landed you in debt, then there is no point consolidating debt. Moreover, consolidation is for people with relatively small amount of debt. If you are knee deep in debt then look for other debt relief options. I haven't heard of debtwise before; so can't advise you on that.
Post Thu Sep 16, 2010 12:55 pm
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CaliChristian
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You might want to consider contacting a non-profit credit counseling service. Yes, there may be a small fee, but they are usually able to lower your interest rates so that your money is going toward paying off what you owe, instead of going toward revenue for the company. I hope this helps, and please let me know if you have any questions!
Post Thu Sep 16, 2010 9:24 pm
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Jammy
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Debt consolidation companies  Reply with quote  

You can try out some Debt consolidation companies. I haven't used them yet, but I have heard a lot of good things about them
Post Fri Sep 17, 2010 4:48 am
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riccky4787
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You can also hire SEO professionals
Post Tue Dec 21, 2010 11:14 am
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marketeye
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You have to make sure you can fully commit to meeting the payments as you could risk losing your property for collateral. Although debt consolidation can make your payments more manageable as you only get to pay a single creditor and at a lower interest rate, the loan will be secured against your house or car. Your property can be seized by the lender if you default.
Post Mon Feb 07, 2011 8:56 pm
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