Debt consolidation credit

Questions and Answers

i'm looking for an unsecured loan of £15000 for debt consolidation with a fair to bad credit rating. reccomend

Q) i'm looking for an unsecured loan of £15000 for debt consolidation with a fair to bad credit rating. it is to be taken out over a period of between 8 and 10 years. as many , if not all sites, give very little if not no information at all, i was wondering if anybody can reccomend a good loan company to call for a quote. i want to make sure i find a company that is not going to hike the %apr drastically over a period of time, few penaltys on over payments or early settlement, and any other benefits that can be reccomended by you. also if you have had a bad deal off a bd credit loan compay i would like to know about that and cross them off my list. any help at all would be much appreciated. thank you.

A) Go to Citizen's Advice before you get raped for every last penny you have.

I am trying to clean up my credit . Are there any good debt consolidation companies who can help me?

Q) I am in debt of atleast £2500 - 3000 and really just want to start cleaning up my credit file from now. I was recently with a company called churchwood financial who absolutly ripped me off. I am now looking for a company who offer free debt conslidation. I am at uni and working part time and need help with managing all my repayments etc.

A) Avoid debt consolidation companies. They are there to make money from you! Despite what they say they are not free (as you've found out)! I know there is a genuinely "free" service but can't remember their name. Ring your Citizens Advice Bureau, they will have the number.

How can I get a debt consolidation loan in Rep. Of Ireland with bad credit history?

Q) Want to wipe the slate clean but having trouble getting loan. Not a homeowner. Can I please stress that only Rep. of Ireland related sites are of use? Unfortunately the US and UK options will only lend to US/UK residents. Thanks!

A) Don't even start on that course of action as you will be in debt for ever and a day. Go to your local Citizens Advice Bureau and they will help you with sound advice to clear your debts. A consolidation loan does not wipe the slate clean it makes the slate more full and costly. Best of luck and do take expert advice before you take out any loan.

Bad credit in ireland need a debt consolidation any ideas?

A) A consolidation loan would help you by lowering your repayments but remember the term of the loan is important to the amount you pay back. Make sure you can afford the repayments! Unfortunately, my company will only lend in Northern Ireland, not republic. But i'm sure there will be some brokers over there to help you. Use a broker, as although there will be fees, they will point you in the right direction and protect your credit score.

does anyone know how to get a debt consolidation loan in Ireland with bad credit history?

Q) Can I please stress that only Rep. of Ireland related sites are of use? Unfortunately the US and UK options will only lend to US/UK residents. Thanks!

A) Please look at previous answers to this kind of question, drop the idea of a consolidation loan and then go to see a qualified debt counsellor. If you need help repaying a dozen old debts, join a credit union. Many churches have them in Ireland. Whatever you do, don't risk your home to a consolidation loan company. It is better to have a dozen small debts because if you pay something to each of them (not the full amount but something), they should not be able to repossess anything from you. If you miss a couple of payments on a consolidation loan, they will take your home and auction it. In all probability, they will not get full value, so they and your mortgage lender will kick you out and send you the bill for the outstanding amounts. Please, see a debt counsellor before the situation makes you feel suicidal. You deserve better than the agony of a consolidation loan. One of my friends died young because of one. The advertisements, in my opinion, are evil.

Debt consolidation?

Q) Can anyone please give me a good site that deals with credit card consolidation? I am looking for something that is quick and easy and is done solely online without those annoying phone calls. Thank you!

A) since your are heck bend on doing this - just look in the yellow pages and close your eyes and pick one!!!

is there a debt consolidation company that does not take your credit cards away?

A) No. If you are so indebited that you need to consolidate they will negotiate with creditors and will require you to turn in your credit cards. If they let you have cards you will continue to increase debt and end up in more trouble with creditors by not being able to keep on all your payments.

Hi When you take out a debt consolidation loan and the lender sends cheques to pay off your credit cards?

Q) if you were tempted to use your cards again are they still active

A) unless the banks have notified you that the card has been cancelled - cos you missed payments, went over etc., the cards are still active. however, remember that it is so easy to fill them to the hilt again. it starts off as oh its just this one thing, its just this emergency, il pay it back on pay day, then its oh and this thing and that thing, oh ill pay a bit now and the rest later and before you know it, your maxed out and taking out a bigger loan. just be cautious is all x

i am thinking of getting help with a debt consolidation company,?

Q) what is the difference between an iva and a debt consolidation,and how does this effect your credit score?

A) No no no!!!!!!! From the experience of my sister and her husband - it is a nightmare!!!! Percentages of interest on your repayments rise sharply after a period, and it really affects your security on property etc. A company will actually have their name on a mortgage alongside the original lender!!! As Marcus Brigstocke once said:- "Being in debt and going to a debt consolidation company is like being shafted by lots of small c*cks, then replacing them with one enormous c*ck!!"

How can i get a consolidation loan to pay off all debts when i have bad credit rating?

Q) I HAVE TRIED MOST PLACES FOR A LOAN TO PAY OFF DEBTS AND MAKE MONTHLY OUTGOINGS LOWER.BUT BECAUSE I AM CURRENTLY A HOUSEWIFE,AND DO NOT WANT IT TO BE A JOINT APPLICATION NO ONE WILL EXCEPT ME.OH AND I DO HAVE BAD CREDIT RATING!

A) I know how you feel, its bad isnt it. The only places that will lend are the ones who charge extortionate interest rates so you get into a bigger mess than you were in the 1st place. Those lenders should not be allowed to do business with any1, they just prey on peoples weaknesses. whilst rubbing their hands at the profits they make.

Has anyone had a good experience with debt consolidation/credit counseling?

Q) I am not referring to a consolidation loan, I am refer to the services that take your bills and lump them into one monthly sum. If you have had a good experience, which company did you use?

A) Oh my god, are you going to get some spam on this question... Consumer credit Counseling is a non-profit. They are very good...They have contracts with all of the credit card companies that provide much lower rates. Avoid the companies that state that they will negotiate your balances down, they will ruin your credit and will take much longer. Plus the credit card companies will still come after you anyway.... By the Way.....Jesse K and October G are examples of the spam I was reffering to.....

What are the cons of using a debt consolidation/credit counseling service?

Q) Do these services negatively effect your credit? If so, for how long? Are there any major pros to these services?

A) Yes, they negatively effect your credit. All you're doing is paying them to poorly manage your debt. What they do is put you into default, on purpose, and then negotiate with your creditors. It ruins your rating even further and makes them rich doing it. You need to do what is called a "debt snowball". It's explained on this site. It's ultra simple. First, scroll down and click "Listen to Dave". JUST LISTEN. http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich This one audio clip of his CHANGED MY LIFE when I heard it. Listen to this man for free, on the radio or online. This is like getting financial wisdom from Bill Gates except this guy has a national radio show. He takes a call like yours atleast once a week.

what is the difference between debt consolidation & credit consolidation?

Q) I am trying to find out if they the same service, or if they are two seperate services, how they work, which is better service to use and why, and a rough estimate of time and cost of these services.

A) check these through and you'll find all you want : http://credit-cards.ebookorama.com and here http://finance.ebookorama.com also plenty more to read here http://credit.ebookorama.com http://credit-repair.ebookorama.com good luck!

Bank loan or debt consolidation program for credit card payoff?

Q) Due to a family tragedy, my husband and I are currently in $26,000 of credit card debt. All of the payments are current and the cards are paid on time with the accounts still open (we are not still charging, though). We are looking to seriously pay this down before the interest eats us alive. My husband wants to take out a bank loan and pay the cards off that way, but I am wondering about the debt consolidation programs you hear about (I know some of those are scams and some are real). Any advice or experience?

A) A bank loan will require some form of collateral, like a house. If you can't pay the loan, you lose the house. Debt consolidation will trash your credit score. You are better off negotiating with each credit card. Mention to them that you may have to declare bankruptcy due to the high rate and could they lower the rate. In most cases, they would do that.

How do I fix credit card debt, I got good info on http://credit-debt-consolidation.blogspot.com/ , need more?

Q) I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some more.

A) sure dude, here I found tons more. It'll take a month to read it all. I've found some good information here too... http://www.safelinked.info/jump.php?link=debt Hope that helps.

How can I get a debt consolidation loan? Everybody's turning my husband and I down for too much credit!?

Q) My husband and I are trying to straighten out our finances because we have a lot of debt (credit cards mostly) and we want to buy a house. Everyone tells us that getting a a debt consolidation loan will help because we can combine all of our debts into one monthly payment, but we kept getting turned down or offered a low amount because we have too much credit being used. What's the point of a debt consolidation loan if your too much in debt?

A) Hi friend getting loan is one of the fighting challenge in our life.Go to different banks if you are denied at one bank.Don't ever rely on the online loan providers sometimes they wil surely scam you.Just take a look at this link to get the free quotes from the experts around the globe..

Which way is better, as far as improving my credit? Debt consolidation or credit repair?

Q) I'm trying to improve my credit score and have come across these two options. I would like to know which of these two options is fast and reliable?

A) First, there are no legit credit repair companies...the only credit repair is you doing it yourself As for Debt consolidation...there are companies out there that assist but you can do that on your own also If you have some free time, you should watch or listen to Dave Ramsey Show .... http://www.daveramsey.com

Is it recommended to use debt consolidation for credit card debt?

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

A) well, you got SOME replies but here's some great reading, might take you a while though: http://credit-cards.ebookorama.com http://finance.ebookorama.com http://credit.ebookorama.com http://credit-repair.ebookorama.com if you get any luck please don't forget about me lol, hope it helped you!

Can I get a debt consolidation loan with bad credit?

Q) I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills, etc I have student loans, but I would like to consolidate them separatley and not through another loan. Also, I have an auto loan, would the loan be able to cover that as well? Please, real answers, and no opinions/judgements. Thank You.

A) You probably could however the interest rate may be high. I would start with your own bank as they know you the best. I work as a customer service agent with GMAC where I deal with people asking about refinancing all the time and I refer them to their own bank or credit union. They might be able to work out a deal because you have a "professional/personal" relationship with them.

What is the difference between Debt Consolidation and Credit Counseling? I have a place in mind that does debt

Q) consolidation but charges a $40 fee. They also do credit counseling (which I don't need.) I just need to lower my monthly payments because of high interest. I don't want a service like credit conseling to effect my credit score. Any response would be appreciated. I definately don't need any credit counseling as much of my debt was accrued through phenomenal interest. I just want to have one payment a month with the lowest possible interest.

A) Som debt consolidation/credit repair companies charge you fees and then trash your credit. The get your creditors to settle for less by not paying them till you're a couple months behind then threatening bankruptcy. Check with Consumer Credit Counseling Services (CCCS): http://www.nfcc.org/ . They offer free counseling and can look at your finances and advise you how to proceed. If you are just looking to take out a loan to pay off you debt, it's just shifting your debt. You end up paying more interest over the longer term. Many people end up running the credit cards right back up so you are even deeper in debt. If you really work at it you can pay off all that debt. Make a strict budget. Eliminate all the extras -- cell phone, eating out, new clothes,etc. Put every penny you can squeeze out of that budget on the highest interest rate debt, while making minimum payments on the rest. When the highest interest rate debt is paid, move to the next till they are all paid. You can pay it all off in 2 or 3 years. Even faster if you get a second job and throw that at the debt.