I have a large amount of credit card debt and I am wondering if anyone has used a debt consolidation company and had a good experience with them? anyone had bad experiences please share too! Any advice would be helpful. Thank you.
Try reading David Ramsey's book. I have heard good things. Also debt consolidation you pay them, they take a cut of your money.. You are better off getting out on your own. call the companies and get a lower interest rate and make a deal with them.
Hi Chris,
I would try to focus on paying off one card at a time, paying as much as you possibly can on that one and making the minumum on the others. When that one is done, do the next one.
I don't know if you ever watch or listen to Dave Ramseyy. He has a show on Fox News Channel. He gives good financial advice.
Hope this is helpful.
Victoria
debt consolidation companies fees are outrageous. i would see if you could work out payment plans with your cc companies & get into a plan. i see others posted dave ramsey as a good source & i do watch him on fox, he is great. i know that instructors teach the dave ramsey methods, in fact i will be attending these classes starting thursday. maybe you can go to his website & go under classes & see if there is one in your area. best wishes
Hey Chris,
I know how frustrating this can be. My name is Kim and I am a licensed, independent representative with Primerica Financial Services. (you can look us up in the Better Business Bureau) I can meet with you to show you how to get your finances back on track today to have a better tomorrow. We also have something called DebtWatchers that helps you stack your bills, check your credit report, check your FICO score, get credit alerts and a lot more.
Does this sound like something you would be interested in? Message me and I can give you more information on a FREE Financial Needs Analysis. Primerica does not believe in charging for going out to have coffee and showing you where you are in you debt and what you can do to fix it.
Oh and I definitely agree with Maureen. Dave Ramsey is a financial genius. as a matter of fact he used to work for Primerica
Be careful! Many times a CONsolidation can show up as a bankruptcy on your credit history. Get one of Dave Ramsay's books and dig yourself out of debt. His plan WORKS. No magic. Hard work. You didn't get that debt in a few days and you won't get OUT of it in a few days. But, it's YOUR debt and you need to pay it off.
As already mentioned, you have to be extremely careful choosing a debt consolidation company. Many do rip you off, many charge outrageous fees and take forever, if ever, to do anything for you. The gov't is looking into somehow regulating this so they have to follow rules. Check out www.nfcc.org for a few aticles about these services and a way to find a legit service. Also, http://www.ftc.gov/opa/2007/01/expresscon.shtm
I have heard great things about Dave Ramsey and plan to check out his books myself. It does take discipline to really make it happen and stick.