How To Consolidate Credit Card Debt Knowledge Base
How to consolidate credit card debt? I currently owe $12,000 from my credit cards and am looking for the most effective way to consolidate this debt. I'd appreciate answers only from those who have either done this before or have expertise in the field. Thanks in advance.
How do you consolidate credit card debt if you do not own a home? I owe about $12,000 in credit card debt and I wanted to make that my year's goal to pay it off, but a lot of the websites I find require that you own a home, or charge a huge interest for someone to "negotiate" with your creditors to bring down interest. Does anyone know of a good resource where I can just consolidate the debt and make one reasonable payment?
What is the best company/solution to consolidate my credit card debt with? If I do not have a perfect credit score and I am past due in some credit cards what is the best company to consolidate debt with so I can make one payment?
What is the easiest way to consolidate credit card debt? I have two credit cards that have about $8,000 in debt between them. I am serious about paying them both off, and pretty much will go as far as starving to get it done. It would just be so much cheaper and easier if this was one bill instead of two. I have played the balance transfer game, but at this point it seems like adding another bill would be more problematic than consolidating. I just don't know how to do it or who to trust. Is there any downside to consolidation?
I need to find a site/company that can help with my credit card debt. To consolidate it? Does anyone know of any sites or companys that consolidate credit debt and to help me thru it? I didn't take care of my credit to much in the past and now they call me everyday mon-sunday Thanks
What is the best way to consolidate credit card debt with low income? I have racked up about $10,000 in credit card debt stemming from college and medical expenses. What is my best option as I am still a student and working with a very limited budget? Are there hidden catches to debt consolidation companies; if so what? What is the best way to negotiate with creditors to lower the debt?
what is the best was to consolidate credit card debt? I'm 21 and have made some studip choices on getting credit cards and charging them up. I have $8000 in debt and am still in school. Is there any way to get this reduced or set up as one payment. I can't continue to keep making the payments due to living expenses. Thanks.
What is the best way to deal with credit card debt? Consolidate or Credit counseling company? Just had a major surgery and racked up some major credit card debt while being out of work. Just looking to see where I could start now that I am going back to work.
Are there banks that consolidate your credit card debt so you can make just one payment a month? Hi, I am student and am getting nervous about my credit card debt ($5,000). It is such a hassle to pay on each card each month. I want to consolidate all the debt and make one payment each month and start paying them off. It's difficult bc I am student and do not have an income. I have school loans I use while in law school. Any suggestions?
Should I consolidate my credit card debt? I have about 30K in credit card debt and I have good credit. My payments are about $800.00 a month and I want to eliminate my debt fast. Should I consolidate my credit card debt, or will that ruin my credit? I appreciate your help.
Does anyone out there know the best organization to consolidate credit card debt? I am in debt with credit cards...I have kept up my payments,only the minimum.....but soon i see a time when i will be unable to do this,i have heard alot of different c/c consolidations,which do you think would be the best??I hope someone who has been thru this can help thanks,ahead
can you purchase a home that you can also consolidate your credit card debt as part of your mortgage? Planning on buying a home, but have racked up some credit card debt. I want to know if I purchase a home, can I consolidate some of my credit card debt as part of the mortgage?
Does anyone know of a reputable credit agency that can help me consolidate credit card debt? I have 3 credit cards and I can no longer make the minimum payment on them. I've been "getting by" for the last 6 months and now overtime isn't available to me any longer. I have done the bankrupcy thing (2000) and do not want to go that route again. I appreciate any advice I receive. Thanks! :-)
How do I consolidate credit card debt in Ontario? I live in Ontario and can't seem to find anyone offering a consolidation loan with a low interest rate. Searching on the web only gives me info from the US. Can anyone offer any suggestions? Thanks
we took out a 80K heloc on our home to consolidate credit card debt. Can we change to a 15 or 30 year mortgage Our home is worth about $110,000. Can we refinance with another bank or how is the best way to go with this. We currently pay prime lending rate and are not locked in. We have a flex rate. What should we do?
I would like to consolidate credit card debt by taking a loan out without using my house.? Can any bank or lending agency help? I can afford one payment of 10 or less % interst rather than paying 28 or 30% as the credit cards charge.
How do I consolidate my credit card debt? My wonderful , but obviously money happy boyfriend has accumulated around $13k in credit card debt. He has 4-5 credit cards, one with a balance of $7k. He does not own a house. We tried the bank where he has his truck loan through, but he cannot get a loan because he has no collateral. What can he do now? We want to start moving in the direction of marriage and a family, but not with this looming over us. What is the best way to resolve this issue?
Trying to consolidate my credit card debt? What is the best way to consolidate my debt without effecting my credit score. And i highly doubt I can get a personal loan for 10,000 thanks
How do I find the best company to consolidate my credit card debt? Do 55+ have to pay them a fee.? I am 60 years old and would like to pay off all credit card debt my the time I am 65. I owe about 16,000 in credit card debt.
Would my credit score be affected If I consolidate my credit card debt? I have 5 credit cards and I owed over 5,000 in each, plus I have two sutdent loans? I can make just the minimum payment in each credit card. Should I consolidate, and if I do would my credit score be affected?, thanks. My credit score is 698
I have $33k in credit card debts on 4 credit cards, where can i find a bank that consolidates that debt? I read the other day that it's possible to consolidate credit card debts while getting a lower rate, who can really do that. I wish i had only one credit card instead of 4.
I am trying to consolidate my credit card debt without being a homeowner, what are my options ? I owe about 11,000. My FICO score is good and none of my bills are delinquent. I want to maintain my FICO score as best I can while consolidating my bills to reduce interest and pay down faster. I cannot qualify for a personal loan due to my credit to debt ratio, and not being a homeowner. Is consumer credit consolidation better than debt settlement ? I always pay more than the minimum payment, sometimes twice the payment, however, 2 of my cards were taken over by another bank and they raised my interest to almost triple what it was when the debt was incurred. The payments I was making was reducing the debt quickly, but now with the new interest rate I had no control over, the whole payment seems to go to interest.
what is a good way to consolidate non-credit card debt? i have a very low credit score of 533. however, i have no credits cards outstanding. i had one credit card bill, but i paid it off about two years ago. everything that is on my credit now is generally small stuff--excepting my student loans--under a couple hundred dollars. i have mostly medical bills -- LOTS of stuff that got sent to collections for being unpaid. uninsured hospital visits, ambulance rides, laboratory tests, etc. i didn't have insurance for over 2 years. is using a debt consolidation company really a viable way to go? i have heard that simply using one reflects badly on your credit, but i really don't think my credit could get a whole lot worse. i have at probably one or two dozen negative things on my credit report, but not a single one is a credit card! you'd think that would make it easier to work with--at least i'm not being charged interest or late fees on any of these debts. but add it all up and it's a lot! any advice??
Should I refinance Home Equity loan to consolidate credit card debt (I am buying a new house in 120 days)? Consider this: 1. I have $30k in credit card debt. 2. I have a 1st mortgage for $200k (4%) and a Home Equity line of $170k (at prime rate) with no additional credit available. 3. I am buying another house at the end of April. Would I be better off refinancing my Home Equity and Credit Cards into a new Home Equity loan, or just stick with it as is? I have heard that I may be able to get better rates on my loan for my new house if I refinance. Could this be true? Thoughts? Opinions? Alternatives?
Should I consolidate credit card debt into my HELOC? I currently have about $3500 a credit card with a 15K limit and $8000 on a HELOC with a 15K limit. The interest rate on the HELOC is 2 points lower than the credit card (8.99%). I am considering consolidating the debt onto the HELOC (going unsecured to secured) to benefit from the lower interest rate and also use the interest from the HELOC as a deduction for 2009. I can afford to pay $1000 a month on the HELOC with no prblems and my credit score is in the high 700s. Should I consolidate the credit card debt into the HELOC for the benefit of a lower interest rate and tax deduction or leave it as is? I am thinking my debt ratio on the credit card should balance out and I have access to 55K in credit total (which I will never use).
How can I consolidate my credit card debt without ruining my credit? Looking for a way to consolidate my bills into one monthly fee, without the added 20% A.P.R. I have close to $20,000 in Credit card debt, which will not fit on one single card.
Whats a company to use to consolidate my credit card debt? Right now its only about $1000 between two cards. Whats the best company to go with, do they make you pay an up front fee?? How would it affect my credit score? I also have a $900 dollar loan for my school, can i consolidate that too?
How can i consolidate my credit card debt if it is less than 2000? All of the debt consolidation places ive been to you have to have at least 2500 in debt...do i need to wait till it gets that high? (jk)
Do you need to make a large purchase, or want to consolidate your credit card debt? Fifth Third Platinum Mastercard If you are trying to pay off your credit card debt and would like to apply for a card that has a fixed 3.9% balance transfer rate until 2010 and 0% on new purchases for one year, email me at pdiddy48071@yahoo.com with your name and phone number and I'd be glad to call you and go over all the benefits and take your application... trust me, it's a great card (i have one myself) and with the economy the way it is, credit card rates are going up and people are tightening belts... so lock in a very low rate now while you have the chance. If you need to make a big purchase in the next couple months (great for tuition, a new computer, etc)- apply for this card and make the purchase with it- then destroy the card (so you don't get tempted to use it more), and make 12 monthly payments with no interest as long as you pay it off by next year! One $1000 computer = 12 $100 payments a month. Transfer balances too! Fixed 3.9% until 1-1-2010! Email me today!
To Consolidate Credit Card Debt or Not? I have two outstanding credit card balances. One balance is at 4.99% APR, the other balance is at 3.99% APR and both are fixed rates. I would like to consolidate both balances into one debt at a fixed rate of 8.99%. This seems to me to be a trade off since the two separate rates equal about 9%. Am I missing something, or does this seem like a good thing to do? After reading the responses thus far, I just wanted to add that my credit rating is excellent, so I don't think applying for bad credit relief is the way to go. I just want to consolidate my two cards and did not know whether or not--since I was paying two different interest rates which adds up to a significant amount--the 8.99% would balance that out.
How do I consolidate my unsecured credit card debt? I have about $23,000 in credit/medical credit card bills. I tried personal loans with 2 different banks, but I didnt qualify because it was it was considered "too much unsecured debt".
Consolidate Credit card debt? so i watch couple of commercials about consolidate credit card, lower interest , etc ..etc... anyone experienced this? the pros and cons? does it effect my credit score? greatly appreciated
Anyone have a experience with any of those companies that consolidate your credit card debt and you pay them ? I've been told filing a Chapter 13 is better but I would rather not go that route.
How do I go about consolidating my credit card debt? I have a good credit score, last time I checked about 6 months ago it was about 720-730. Recently I have acquired a big credit card debt, about $9,000 on one credit card (with a limit of $10,000) and about $3,000 on another one (with a limit of $5,000) for many different personal reasons. After the whole spending money ordeal was over, I was left with all this debt on my credit cards. Since then, I have cut back on all unnecessary spending, besides the obvious things like food, gas, etc. I have never been late on payments and have never been over the credit limit. I Also try to pay an extra hundred bucks on top of the minimum payment due when I can. Are there any good ideas on how to consolidate these two credit card debts and help me out with all this? Thanks!
Worth it to Consolidate Credit Card Debt? Is it worthwhile to get a consolidation loan to cover my visa debt?
Should I consolidate all my credit card debt?? I have two credit card that has a total of $19,000 debt with a crazy APR of 24%. I got an offer from another creadit card company that's offering a personal loan up to 35K with an APR of %7.99. Should I go ahead and consolidate my two CC debt and get the low APR personal loan? Would getting another loan decrease my creditt score? Thanks. By the way, this is not an offer from a credit card consolidation co. It's from Capital One offering a personal loan w 7.99APR for the life of the loan.
How to resolve my credit card debt issue? I am in a collection status, how can I deal with that? An unexpected payment of $2,499.06 was posted to my Citi account on May 27th, 2005. The payment posted in error was corrected on the statement of 12/10/2005. . I was unaware of this matter until I was notified by Citi reporting my default on payment. At that time, I was in a debt consolidation program (American Debt Consolidation Inc.) which they consolidate my credit card debt and make automatic payments to my creditors. The debt consolidating program stopped making payment to Citi because they found that my balance was already paid in full since May 2005. That causes extra late fee and over-credit limit fee were billed to my account after my balance was adjusted on 12/10/2005. As of May 2005, my balance was $2,023.76 according to the statement of 06/06/2005.During that period, I was trying to contact my creditor to discuss the matter. I have already explained the issue to several representatives of my creditor. Unfortunately, no further progress was made till now. I was trying to work with my debt consolidation program to resolve this issue. But it seems they are not very being active on this matter. I started to lose interested to working with them since it is very time consuming (they said it takes at least 3 month to send out the proposal and let the creditor to review it before making decisions). So I rather directly negotiated with my creditor instead. But I feel that it is useless to talk to customer reps because they are not authorized to lower my interest rate and elimate my over credit limit fee, pulse it hard to put the manger or related department head on the line. On the collection agency side, they are trying to help me with paying only 80% of the total debt. But I still don't think it is fair to me because it is my creditor's fault on the mis-posted payment at the beginning. My debt raises up to around $3000 with interest rate of 29% from May 2005 till now. My beginning banlance was around $2000.
What is the best way to consolidate personal loan and credit card debt? I've kind of asked this before on here, but I think my question was misunderstood. I'm wanting to know what is the best way to consolidate this debt in order to lower monthly payments and get it paid off quicker. In other words lower the amount that has to be paid, but pay more on it and with lower interest.
Should I consolidate my credit card debt? I have about 30K in credit card debt and I have good credit. My payments are about $800.00 a month and I want to eliminate my debt fast. Should I consolidate my credit card debt, or will that ruin my credit? I appreciate your help.
Loan to consolidate credit card debt with lower interest.? WHere can I get a loan to consolidate credit card debt with lower interest?
If I decide to consolidate my credit card debt, will that affect my credit? I currently have a very high credit score (~800) and have never made a late payment. Right now, my credit card is at about $4500, and I am having trouble staying ahead of the interest. I am thinking about consolidating my credit card debt, but don't know much about it. If I did, I would continue to make every payment on time, etc, but I just wondered if the act of consolidation in itself would adversely affect my credit rating. Does anyone know? I do not have poor spending habits... after vet school I had a one year internship where I was paid barely enough to pay the rent, so I accumulated money on one credit card (I only have one). Now I am living within my means, but I have sky-high student loan payments. I just thought I may be able to pay the debt off sooner if the interest wasn't so high.
Consolidating Credit Card Debt? I'm 26 years old and I'm buried in credit card debt. I owe about $30,000. I just finished College and I'm leaving to the Air Force next week. I've been doing some research and I found a debt consolidating company that promised to reduced my credit card debt by 60%. They told me to stop paying my creditors and let my accounts go to deliquent status. Once in deliquent status, they will come and they will try to settle the accoutns at lower price. I have the following questions: 1) is this a good strategy? 2) How this will affect me in the long run? 3) Is there an alternative way? 4) Should I file for bankrupcy? Thanks
Should I consolidate my credit card debt & close old card accounts before or after refinancing my home? I have about $9000 in credit card debt, I was thinking of getting a end-term loan that has regular monthly payments to get it paid off sooner and a stable interest rate. My problem is two things 1. We (my husband and I) are going to refinance our home in March so I do not know whether to get this loan now or wait until after we refinance. We do no have enough equity in our home to get any kind of equity loan for the house. 2. My husband has about three credit cards that does not have any balance on them and that he has not used in years one he has never used. Does this hurt his credit should we cancel them? If so, do we do it now or after we refinance? The loan we are looking at is an intrest only for the first 5 years which we will be selling after that and so we don't want to refinance much more than we already owe on it maybe get about $4000 to put down new flooring. The new floors is needed as we have two children w/ eczema & asthma and the old carpet is needing to be replaced. We are looking at laminate flooring throughout the house.
does consolidating credit card debt hurt your credit rating? my daughter wants to know if consolidating credit card debt will have a negative impact on her credit rating
How can I consolidate my credit card debt? I currently have about $8000 in debt on 4 very high interest cards, and I'd like to consolidate my debt on a lower interest credit line or loan. Problem is, because of my high usage-to-credit ratio, I am not getting approved for any new loans/credit lines. I don't have a "spending problem" and I know that I will not continue to run up credit -- the reason I'm in this situation is because I was unemployed for some time after I graduated and had to live on my cards, but now I have a good job. However, my current minimum monthly payments are a bit more than I can handle comfortably. Any advice?
Should I consolidate my credit card debt? More info in description...? I have around $15,000 in credit card debt. I am able to pay a little over the minimum each month, but my average APR is around 20%. It looks like it will be tough to bring these to zero. How well do these credit card debt consolidation work? Do they give you better APR rates? I have a good steady job and my salary will continue to increase. I am wary that they are more scams. Your thoughts are welcome.
What company should I use to consolidate all my credit card debts? Do you need to have a good credit score in order to consolidate debts in one single payment? Please any ideas are welcome.
Consolidating credit card debt? I have about 5,000 on my credit card that I want to pay off. Someone mentioned that I should consolidate. I don't know what this means exactly. I was also wondering if it would hurt my credit score. Any information you have will be helpful. Thank you!
Need advice about consolidating credit card debt!?!? My sister has confided in me that she has maxed out her credit cards and is not able to make the full monthly minimum payments, but sends in a smaller payment and is now getting flooded with late fees and ever increasing interest rates. I am not sure how to help her. I don't know if she should look into consolidating credit card debt or if that even works? I know she has to be ready to make changes in her lifestyle for this to even work...and honestly I don't think she's ready to commit to a change. But I'm hoping someone can offer some advice that I can take to her and say "This is your best plan of action..." and hope that she does something with the information. At least I won't feel like I have done nothing to help her. Thanks! She says the credit card companies won't help her. They are basically like Tough luck, make your payments. I have asked her to cut up her cards, but I'm almost 100% certain she has a little room on at least one of them that she will continue to use. And she continues to go out to eat. She's just a mess.
Does anyone know anything about consolidating your Credit Card debt?? need help or advice on consolidating credit card debt...does anyone know who it might be good to go through???
unsecured bad credit loan? im looking to consolidate some credit card debt? are there any places out there that can help me with a 12,000 loan? i would just rather have one payment than 4 or 5. i can handle the payments im trying to make it easier because i keep forgetting the 2 until the last minute? anyone know of any that will do it with a 600 credit score?
Can a person consolidate a credit card debt that is already in collection? Someone asked me this today and I do not have any idea. Is a credit card debt and I need to give the person an answer in like 40 minutes as part of his recovery from bankrupcy, but I do not know if can consolidate after is in collection.
I have a small amount of debt (mostly credit card) how can i consolidate it or pay it off quickly? I just got out of school last may 2006, then in January of 2007 I decided to go back to school to get my teaching certificate. I will be done in May 2009, so my income isn't as much as I would like. I was wondering if there is a place that is trustworthy that I consolidate my credit card payment, my paypal buyers credit, and my dell account into one place so I can have one monthly payment so I can pay it off quickly. One other question is there a way I could get them all defered till I'm out of school again, where I can start working full time? Or is there a place I can get a lower interest rate loan to pay all of them off with, and then defer that payement until after school? I just want to get all my geese in a line! I hate paying several different bills!
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How to consolidate credit card debt