Oct 13
What are the advantages and disadvantages of debt consolidation?
Posted on Tuesday, October 13, 2009 in Credit
jimmyaven asked:
I have two credit cards that I have used over 5 years ago and never paid back. The total of the two cards FIVE YEARS AGO was $1000. Of course, by now, it should be close to $3000 because of all the interests.
I have two credit cards that I have used over 5 years ago and never paid back. The total of the two cards FIVE YEARS AGO was $1000. Of course, by now, it should be close to $3000 because of all the interests.
What does debt consolidation do? More importantly, can it REALLY remove or reduce the interest that built up over the last 5 years?
When doing a search for debt consolidation services, I get THOUSANDS of results. Which debt consolidation services are better?
Detailed answers would be appreciated.
Update: Am I correct to assume that if I leave the debt as it is, I can have it completely wiped off my credit card two years from now as if it never happened?
Allison
Sep 28
Are there any online debt consolidation services that are worthwhile?
Posted on Monday, September 28, 2009 in Credit
radioactive_babywipes asked:
Are there any debt or credit card consolidation services that are easy to use and secure and worth the time?
Renee
Are there any debt or credit card consolidation services that are easy to use and secure and worth the time?
Renee