gsforgrace asked:


I am looking for a debt consolidation or debt relief company that is reputable and will do the job. I need to consolidate medical bills, pay day loans and credit card bills.

Bessie

m_snider9430 asked:


I am approximately $25k in debt, should I use a debt consolidation agency?

Christine

tinkerbell_730 asked:


especially if you dont’ have the money to pay off the monthly balance? i have $8,000 worth of credit card debt and not sure if it was a good idea to get a debt consolidation loan to pay 3 of ‘em.

Ethel

monkeyundermypillow asked:


I have $7,000 in debt and I have heard about debt consolidation. Does this negatively affect your credit rating? Do you get to choose how much you pay monthly or is there a set amount they make you pay? I live in Canada, if that matters.

Rose

Nicole D asked:


Will any debt consolidation company include secured debts like cars and educational loans into the program?
Is it uncommon, does anyone know of one?

Jonathan

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.

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?

Mathew

Brad M asked:


I want to get a debt consolidation loan, WITHOUT using my home equity, but they are telling me my credit score is great, but by ratio is too high. Well, I want to consolidate all the CC debt I have, but it’s running me in circles. What’s the point of trying to get a consolidation loan if they won’t lend it to you because you have too much debt? Does anyone know of ANY bank or anywhere I can turn to that understands and can try and help me? Thank you for your help!

Yvonne

Ruffus asked:


I have a few credit card that are past due and I’m not able to make the payments.

What is the best debt consolidation company to use?

Keep in mind, I’m not a home owner.
I’m not a student and actually I’m looking for a better answer than the obvious budget and make more money.

Steven

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?

Clara

chi_twnchica asked:


I’m seriously considering working w/ a debt consolidation company, and just wanted a rough idea of how much ppl have paid or are paying… and how long it took you to get out of debt?? any answers are helpful!

Vera