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Beware: 7 Debt Consolidation Mistakes To Avoid
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What Your Banker Doesn't Want You To Know
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Hot: Where To Find Cheap Debt Consolidation Loans
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Which Is Better -- Bankruptcy Or Consolidation?
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Everything You Must Know About Debt Consolidation, Credit Counseling, Credit Card Debt Consolidation, And Debt Consolidation Loans.
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Everything You Know Is Wrong...
About Being Debt Free That Is!
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Ultimate Debt Guide
Here's How I Got Rid Of $63,000 In Debt In Only 4 Months Without Bankruptcy!
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Stop Collection Agency Harassment
Former Debt Collector Reveals His Idiot-Proof System Thats Stops Debt Collectors Today - Without A Lawyer!
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Debt Consolidation can and will ruin your credit!
Author: Jennifer
Yes, Debt Cosolidation isn't a good idea and I'll tell you why. I've done research of my own and found out some disturbing information.
You've seen those long drawn out commercials full of promises to get you out of debt. They use words like "non-profit" and "conseling". To get you suckered in, then they got you. You call and you have 5 bills that are overdue. Remember the words "non-profit", okay now they want you to give them the account numbers and creditor names that you owe the balances. You do that and here comes the fees! Didn't they say non-profit? Yeah right! They may charge $5.00 per account or a flat rate of 39.95 a month. Thats $480 a year, don't forget that they draw your payments out as long as possible. I mean where do you think these "non-profit" companies get their funding from? Your looking at $1440.00 in three years. To add to that the consolidators even earn about a 10-15% commision from the creditors. You thought they were on your side...Not! That's not all, when the consolidators call your creditors they close your account. Now do you think your credit score will go up or down? Down more than likely. They also only negotiate the interest you owe not the actual balance.
Debt consolidation in my opinion is a "RIP OFF". You can do better doing it youself. You can and will if you visit Credit Secrets 4 You Sign up for a FREE newsletter to get more credit help, tips and secrets like this one.
I do research mainly into credit and government grants. I'm an HTML/CSS goddess currently mastering Javascript. Email me if you need a webdesign.
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A Quick Note
From The Publisher...
If you like the article above, you may be
interested in the following article which is also related to Debt Consolidation...
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Bad Credit Debt Consolidation Loans - Unsecured Vs. Secured Debt Consolidation Loans |
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Getting out of debt is easier said than done. Fortunately, there are many options available to people hoping to eliminate or reduce high consumer debts. Before filing for bankruptcy, which is more damaging than having excessive debt, consider other alternatives. For example, acquiring a secured or unsecured debt consolidation loan is one method to becoming debt free.
Ways to Eliminate Unnecessary Debts
There are many ways to reduce debts. Some people prefer to eliminate debt without obtaining a loan. In this case, getting second employment or seeking a higher paying job may provide you with the extra cash to pay down balances. There is no easy way to reduce debts. Furthermore, eliminating debts take time. Because of high finance fees, paying double the monthly minimum may not result in a significant reduction. However, debt consolidation loans have lower rates, which mean lower finance fees.
What are Unsecured Debt Consolidation Loans?
Unsecured debt consolidation loans... |
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Debt Consolidation, Credit Counseling News |
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