[Bauhase]

I'm currently in debt from some credit cards and now I'm thinking about doing something about... I though debt consolidation company but i am not sure about it. has anyone used a consolidation company before and how was your experince, bad good? is there anything that i should know before doing it?

[Jaime]

Hello, Credit card debt consolidation adds up all your unpaid balances and converts them into a single payment. This payment is far lesser than each of the individual payments.

When you finalize a plan with a debt consolidation company, the company repays your dues to your creditors. Then you make a single payment to the consolidation company every single month. Your average new interest rate is much below than the old interest rate.

[Robin]

I suggest you to visit daveramsey.com to learn your hard lessons from others mistakes. easist way out of debt is second job.
debt CONsolidation affects your credit slave score up to 10 years.
do your home work with third party knowledge.

[Jaime]

If it is only credit cards debts then start to pay the one with biggest interest rate aggressively and then after paying it off move to another one and put all money you free up from getting ride of first one and so on. It's called "debt stacking". Pay your credit cards off and stay away from them!
If you want to consolidate then find new card with 0% or low APR for usually 6 or 12 month, transfer balance there (if you have enough credit) and pay it off on time!!!

I hope this helps.

[fedrick]

Actually this concept is good and very helpful one. In particularly time of emergency time period its a gift but while its limit exceeds and some cheating took place means its very danger one.So try to avoid it by this useful links.
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by
fedrick

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