Always better to pay the OC (Original Creditor). A great free resource on credit and the question you asked is Credit Info Center Forums. They have great advice, tips, tactics and helps on credit. It’s one of the best resources online. More information related to debt consolidation companies [...more]
First try to get a book on Credit and Debt Repair from a bookstore. All the tricks that companies that charge you thousands for is in these books. Steps in negotiating like a pro will be in clear steps in these books. If you are in serious trouble contact NFCC.org This is a non-profit agency that will help you [...] [...more]
The Unites States Treasury sells bonds to raise money. The United States owes the debt to anyone who purchases these bonds. Most Treasury bonds are held by private citizens, financial institutions, and foreign governments. The best blog related to free debt consolidation [...more]
Preferred Financial Services out of Andover, MA would be of great service to your situation. They work with people in debt all over the country and they’ll work directly with you to get you out of debt. http://www.pfsdebtrelief.com/debt-consolidation/I don’t know of a CA one but I was 30k in debt and it was just unmanagable [...] [...more]
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Credit card companies are in it to make a profit. Now, lets say you have low interest rate and you pay your credit card bill on time or early every time, then you are what is known as a "deadbeat", someone who they can’t make money off of. Credit card companies make a profit by [...] [...more]
Stay away from any firm that says they’ll cut your debt in half. These firms have you deliberately default on your payments and trash your credit rating to settle for less. When you use such a firm, the monthly payment you make is going towards their settlement fees and to build a settlement account. [...] [...more]
Only if you can get a card with a 0% interest rate on balance transfers and pay it off as quickly as possible. Shop around to find the best interest rate. If your credit is okay then you have a good chance of getting a good card with a 0% rate for transfers and then [...] [...more]
Yes, they can. The bank’s entry should show as a charge off with 0 balance. The collection agency now owns the debt and can report it. If they sell the debt to another collection agency, you would have a third entry. Need more information? Find information on debt repayment [...more]
Run, and run away fast if they have the words: negotiation, or settlement. They do nothing for you that you can’t do yourself. They make millions by charging you a lower interest rate. Ex: from 22% avearge to 15%. The truth is they settle, sometimes for half of the bill, while never telling you. They pocket the money you are [...] [...more]
