Nov 7
Debt consolidation will leave you with a huge debt ratio, and close all your credit cards?
Posted on Saturday, November 7, 2009 in Credit
Heart asked:
When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work
Chad
When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work
Chad
Sep 8
What are the advantages and disadvantages of having one of those debt consolidation companies help you?
Posted on Tuesday, September 8, 2009 in Credit
hotsing1 asked:
If anyone has any experiences with good or bad in dealing with a debt consolidation company let me know. Would it be a good idea to have one help me if I have about 4,000 dollars in debt?
Jean
If anyone has any experiences with good or bad in dealing with a debt consolidation company let me know. Would it be a good idea to have one help me if I have about 4,000 dollars in debt?
Jean
May 9
Has anyone actually had success using those debt consolidation companies?
Posted on Friday, May 9, 2008 in Credit
MiM asked:
I’m wondering if anyone has had any success using those debt consolidation companies and if so, what’s the process of it? How does it work and will it really work at lowering your interest rate/debt owed? And what company(ies) did you use? Thanks!
Tyler
I’m wondering if anyone has had any success using those debt consolidation companies and if so, what’s the process of it? How does it work and will it really work at lowering your interest rate/debt owed? And what company(ies) did you use? Thanks!
Tyler
Feb 22
Credit card debt consolidation companies, Anyone know of a good one?
Posted on Friday, February 22, 2008 in Credit
nikki asked:
I’ve become over whelmed with my credit card debt and I’m getting those phone calls because I’m missing payments and such. Anyway I’m looking for a credit card debt consolidation company that doesn’t ***** people over, anyone know of any from experience or just know a good one?
Dan
I’ve become over whelmed with my credit card debt and I’m getting those phone calls because I’m missing payments and such. Anyway I’m looking for a credit card debt consolidation company that doesn’t ***** people over, anyone know of any from experience or just know a good one?
Dan