Hi
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You do not mention if your debt is in collections yet or not. Once a debt is bought by a collection agency there is a much better chance of settling it for less then what you owe.
If it is in collections already, you can call the collection agency directly to see what type of cost [...] [...more]
Always consolidate if you can, but don’t start charging again. That would be defeating the purpose. Make sure you get some good recommendations. If you have a credit union or a bank and your credit is still good, you could try one of them
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There are many websites and companies offering these services but you really need to be careful as most of these companies are taking advantage of your situation and are rip off. I learned this hard way. You can check out all kind of scams information on http://www.mortgagescaminfo.com and make sure to ask all the right [...] [...more]
Consolidating debt or debt settlement are two entirely different things.
Consolidating debt is paying off small debts first and/or transferring debts to something with lower interest, or getting a loan to pay off your debts at lower interest (unlikely once you are in over your head).
Dept settlement companies often hold your money, take their cut, not [...] [...more]
DO NOT use debt consolidation companies! They will mess you up even more.
If you have 2 credit cards apply for a new credit card and do balances transfer from 2 old cards to the new one. The new card usually has 0% introductory rate, so this way you’ll save money on the interest for [...] [...more]
Not usually in the purchasing mortgage.
After you own the house you can get either Home Equity Line of Credit (HELOC) which isn’t easy in this economy, or refinance the home and incorporate the debt into the refi.
I REALLY don’t recommend this as you’re eating up the equity in your home and you’ll end up [...] [...more]
This is a company that I would highly recommend … they help you get all the information you need from various sources
I had a friend who used this and they were highly efficient and friendly:
http://bit.ly/DebtConsolidation
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Debt Consolidation does hurt your credit. The best thing to do is to transfer your balances to a new card that has a 0% interest program. While you have 0% interest you can pay off way more of your balance. Continue doing this until you have paid them down to a comfortable level.Regardless of what [...] [...more]
I rate ALL debt consolidation companies as RIP OFFS. They can't do ANYTHING you can't do yourself and they the fees they charge are better spent PAYING down the debts.
Call your credit card issuers one at a time and request is lower interest rate. Suggest you will transfer your balances to the card [...] [...more]