Should I Consider Credit Card Debt Consolidation?

1 Answer

Answer :

Let the great debt-ate begin. Many Americans are still being hithard by the economic downturn of the past couple of years. Thoughthe economy is beginning to show signs of life and the job marketis steadily improving, what has been done cannot be undone.Americans are swimming in puddles of debt so deep they can barelybreathe. Everyone is looking for answers, trying to find a way outof their mounting credit card debt with unforgiving interest rates.Most are willing to try almost anything to get themselves relief,but should credit card debt consolidation be considered? Perhapsonly as a last ditch option. Paying off debt is never a fun processand paying those sky high interest rates isn’t enjoyable either. Ofcourse, you weren’t complaining when you were buying those JimmyChoo shoes or new Gucc

Related questions

Description : How will a consolidation loan effect my finances with $20,000 in credit card debt?

Last Answer : A consolidation loan will pay off all of your bills and give you one payment. This program will only really work if you cut up your credit cards and have discipline.

Description : How much credit card debt do I need to qualify for consolidation?

Last Answer : Most debt consolidation companies advertise that you need $10000 in debt. There is actually no real amout, but less than $10000 and you are generally advised to pay it off yourself to save your credit.

Description : How do loans and debt consolidation affect credit score?

Last Answer : If you pay your bills on time and in full each month it will help your credit score rise. If you are late on payments and have outstanding payments then your credit score will become lower. Your credit score is an important thing to help you obtain loans such as car loans or a mortgage.

Description : Can I get a debt consolidation loan with bad credit?

Last Answer : I don't see why not. Here's a good article I found that will help you: http://www.lendingtree.com/debt-consolidation/advice/ I hope that helps.

Description : Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Last Answer : You might want to check out Propser, a peer-to-peer lending site.

Description : What banks offer the best interest rates on a debt consolidation loan in the Boston area?

Last Answer : There are a lot of banks that offer good interest rates on debt consolidation loans. The best one to choose is Regions.

Description : What are some of my options when it comes to debt consolidation?

Last Answer : An acknowledge advising administration works for lenders to improve terms on your credit, including decreased loan fees and lower regularly scheduled installments. You make one regularly ... lenders actually should acknowledge recommendations made by the credit advising organization debt redemption.

Description : Is there a free federal program that provides debt consolidation advice online?

Last Answer : On the .Gov pages is a long list of place that handle free federal program that provides debt consolidation advice. All they need to know is your location and they can help up in your own state.

Description : Is it wise to obtain a debt consolidation loan?

Last Answer : Any time you can obtain a debt consolidation loan it is a good idea. This is especially true if you can lower your interest rate. You will simplify your finances and also get on a rigid repayment plan.

Description : How do I find the best debt consolidation help?

Last Answer : You can find the best debt consolidation help at www.DebtHelp-America.com. Another good site is www.FreedomDebtRelief.com

Description : What is the difference between debt negotiation and consolidation?

Last Answer : Debt Consolidation takes your debt and combines into one single loan, usually tied up in your house equity. Debt Negotiation on the other hand attempts to reduce the amount of debt you have by cutting the total amount you owe.

Description : Does debt consolidation really work?

Last Answer : Debt consolidation can be great for some people if you go through the right company. Do research before you decide on who to use.

Description : How do debt consolidation services work?

Last Answer : With a debt consolidation loan, a company fronts you the money to pay off your debt (or a portion of your debt), so then your monthly debt payments get streamlined into the one loan payment. Your debt consolidation loan ideally has a lower interest rate so you can save on interest as you pay it off.

Description : How do you know if a debt consolidation loan is a good idea?

Last Answer : Debt consolidation loans are good for people who are trying to keep track of lots of small bills like maxed out low limit credit cards, or for people with multiple student loans. By putting all the ... loan includes it, your rate will be higher and you will wind up paying more over time.

Description : How much do debt reduction and debt consolidation assistance companies charge for their services?

Last Answer : Debt consolidation and debt reduction companies generally charge a percentage of the debt reduction amount and may also include other fees. There are many different companies that offer these services and their charges and fees may vary.

Description : What is the different of the consolidation debt loan from other debt loan?

Last Answer : Obligation solidification and obligation repayment assist you with paying off your obligation load, yet they do as such in various manners and by utilizing various systems. affordabledebtconsolidation Obligation ... pay a lower sum than what you owe, frequently in a single amount settlement.

Description : Debt Consolidation Loans Make It Easier to Manage Debt?

Last Answer : A debt consolidation loan is a loan taken out to repay several unsecured debts. There are many benefits of debt consolidation loans. The main benefit is that these loans make it easier for consumers to ... of interest you pay over the life of the loan and make it easier to eliminate your debt.

Description : Debt Consolidation- Do It Yourself And Save!!?

Last Answer : If you have ever considered a debt consolidation company to handle your debt, then you may want to try doing it yourself. You can do most of the things that debt consolidation companies offer ... has occurred. Do this yourself instead of paying a consolidation company and save hundreds of dollars.

Description : What are some debt consolidation tips?

Last Answer : Some debt consolidation tips include taking out a loan. This way you will only have to one payment.

Description : Debt Consolidation Calculator?

Last Answer : Debt is a ubiquitous problem in America today. According to the Federal Reserve, as of December 2010 total consumer debt stood at $2.4 trillion. This load is divided into revolving and non- ... the consumer their estimated monthly payment. The consumer inputs the amount of each credit card, mortg

Description : Get The Debt Consolidation Company For You?

Last Answer : If you are thinking about consolidating your loans into one easy monthly payment, you should first shop around for the best debt consolidation companies. Search for debt consolidation companies online and do ... , compare the various plans offered by each company. Debt can be consolidated in a numbe

Description : Using a Debt Consolidation Calculator?

Last Answer : When trying to get a handle on one's finances, one of the best things to do is consolidate one's debts. Consolidating debts can mean that a person pays lower interest rate fees. Using a debt ... having trouble using this sort of calculator. Overall, this is a great tool to use for managing finances.

Description : A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

Last Answer : D. Debt Consolidation Explanation: Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

Description : How do I get rid of my credit card debt?

Last Answer : I would talk it over with the credit card company. Maybe they can work something out. If desperate you can sell some stuff. Online or to a pawn shop. Try to at least pay the minimum balance owning every month.

Description : Can you be arrested for credit card debt?

Last Answer : answer:You won't go to jail for it. You could be fined for not paying the bills on time. It will certainly affect your credit rating. I would contact the credit card company, they may allow you to ... now (which takes the funds directly out of my bank account). All I ever pay is a transaction fee.

Description : Best way to wipe out credit card debt?

Last Answer : Wipe out the ones with the highest interest first.

Description : When I compare my school loan statements and my credit card statement and my car loan it appears to me that school loans operate like credit card debt?

Last Answer : My loans were like a car payment, if I remember correctly. But have you ever deferred any of your loans or ever had them in forbearance? Depending on the type of loans you have, that would effect the total amount ... to pay them off. Ugh! Can't tell you how glad I am that that's over and done with.

Description : If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Last Answer : answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number ... the lender you are looking to consolidate with. Both will look into your credit report for information.

Description : I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Last Answer : Are you sure about the $2k? I believe you lose more than that because you are looking at taxes + penalties for early withdrawal. I would try to negotiate with the credit cards to get a lower interest rate. Also, if you have any room, try to do a balance transfer (watch out for the transfer fee).

Description : Jocelyn takes home 2600 per month from her job as a paralegal if you’re only debt obligation or a car loan payment of 480 and a credit card payment of 80 every month is she in danger of credit overload?

Last Answer : Yes, because the sum of $480 and $80 is greater than $520.2600x20%= 520

Description : Roll-Down Your Credit Card Debt!?

Last Answer : Roll-Down Your Credit Card Debt!The Credit Card Roll-down Calculator applies two simple principles to paying off your credit card debt.Payoff your highest interest rate first.When a card balance is paid in full ... is paid in full. Click the "View Report" button for a detailed look at the results.

Description : How to Get Honest Credit Card Debt Advice?

Last Answer : Credit card debt is at an all time high and the US Census report states that every man, woman in child in our nation has an average of $8,000 in consumer debt. Credit card debt advice can ... will all tell you that negotiation is the best way to settle your accounts with various lenders for u

Description : Where can I find free credit card debt advice online?

Last Answer : You don't have to fight alone if you're worried about debt. Speaking with a qualified and experienced debt advice about your circumstances will assist you in determining the best course of action for you. For more information contact now : 03301226372

Description : Credit Card Debt Collection Laws?

Last Answer : Credit cards are unsecured debts; your creditor can't take away any of your property if you fail to pay the debt back in accordance with your card agreement. Your creditor can sell the debt to ... bankruptcy or if they receive a notice of a lawsuit against them by a creditor or collections agency.

Description : How can someone pay off their credit card debt?

Last Answer : There are many companies in exsistence today that can help people with growing credit card debt, such as; Consumer Credit, Care One Credit, and a company called Credit Card Debt. One of these services will steer you in the right direction in lowering and eliminating your credit debt.

Description : Where can I find more information about loan to pay off credit card debt?

Last Answer : There are a lot of sites offering advice on this topic. The first one I found is here: http://www.fool.com/personal-finance/credit/9-ways-to-pay-off-debt.aspx

Description : What are the fastest ways to pay off credit card debt?

Last Answer : One of my first suggestions would be to pull a copy of your credit report. I would then have you go through and pay off each incident on the report. A financial advisor could help you to get all of these incidents in line.

Description : Where can I get advice on credit card debt solutions?

Last Answer : I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?

Description : Where can I find some credit card debt solution ideas online?

Last Answer : My financial crisis began when I requested for some student loans to help support my masters programme. I knew little about the terms and conditions of the loan and I didn't care much as at then because I was ... the debt. I didn't believe until k checked my debt profile and I saw it was all gone!

Description : Where can I got to get rid of my credit card debt?

Last Answer : It is always easy to think just because you pay off your debt your credit score goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or ... you out. Get in contact with an expert. If you need more information contact me at 786-792-2002

Description : Where are credit card debt help offices?

Last Answer : You can get information on how to reduce your credit card debt from credit card issuers like Bank of America, Wachovia, Chase Manhattan, Wells Fargo, Citibank, and your local credit unions.

Description : Where can I find information on how to get out of credit card debt?

Last Answer : You can get information on how to reduce your credit card debt from credit card issuers like Bank of America, Wachovia, Chase Manhattan, Wells Fargo, Citibank, and your local credit unions.

Description : Where online can I check my credit and review my credit card debt?

Last Answer : Look at freecreditreport.com to find out your credit score. They have great commercials and they are free. What more can you ask for? If you need help improving your credit score they will probably have some ideas for you there.

Description : Where can I learn how to quickly pay off my credit card debt?

Last Answer : Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.

Description : Consider the following statements: 1. Mathematically speaking, the time taken for 100% consolidation is infinite. 2. The time factor for a particular average degree of consolidation depends upon the distribution of initial excess hydrostatic ... 3 (b) 1 & 2 only (c) 2 & 3 only (d) 1 & 3 only

Last Answer : (b) 1 & 2 only

Description : Consider the following statements: 1. Consolidation time increase with increasing compressibility 2. Consolidation time decreases with increasing permeability. 3. Consolidation time is dependent on the magnitude of stress increase. Which of these ... (b) 1 & 2 only (c) 2 & 3 only (d) 1 & 3 only

Last Answer : (b) 1 & 2 only

Description : What are the best and reputable credit consolidation/management companies?

Last Answer : many of these companies are sham organizations that are going to consolidate your debt and charge big fees and interest for doing so. if you're in debt, you're probably better off just calling each ... negotiate a lower rate. try to make payments a little at a time and knock it down slowly.

Description : Why not consider a REAL solution to the soaring national debt?

Last Answer : answer:Time to wipe out ‘civalization’ as we know it and start over methinks. Back to bartering beads and berries. I am self insured now, paying over 15K with a Blue Cross individual plan. I am only 51.Not going to be able to keep this up much longer.

Description : Is Santa Claus the one who is really to blame for the US debt crises and credit downgrade?

Last Answer : Possibly. :)

Description : If Time is Money are you in Debt or Credit?

Last Answer : Do you mean Debit or Credit?