Searching For A Debt Consolidation Company
Posted on
June 29, 2009
at
10:30 pm
hi all i am new here and i hope you can help me how to find a debt consolidation company... i was wondering too if i can qualify for that, i have very bad credit right now, and in deep debt.... i hope someone can help, please. thank you
Posted on
June 29, 2009
at
11:45 pm
Welcome to the forum!You would want to work with a company that has very few complaints with the Better Business Bureau. You can check out how a particular organization fares at http://www.bbb.org. They have a grading system that can be able to help you out on your search.There are also various debt consolidation options, and these range from debt settlement, to credit counseling, to debt consolidation loans, and Chapter 13 bankruptcy. Which of these options would you like to know more about?
Posted on
June 30, 2009
at
12:57 am
well could you tell me more about debt consolidation per se? my wife & i have discussed about it thoroughly. she said we can use our equity from our house for that.
Posted on
June 30, 2009
at
2:16 am
Well, debt consolidation--particularly a home equity loan--allows you to borrow a certain amount against your house's equity. You then use the funds to consolidate all your unsecured loans and pay them one by one. A HEL has a lower interest rate compared to other lines of credit because it is a secured loan, meaning, your house will be set up as collateral for this type of debt. It is a bit risky to be honest, because when you fall behind on your payments, you just might end up losing your home in the process.
Posted on
July 1, 2009
at
7:33 am
Hi.. Before going for Debt Consolidation, first seek the advice of experts weather to go for Debt Consolidation or any other debt relief solution will help you. So you should visit http://www.debtsolutiongroup.org/, fastest growing company offering debt consolidation, debt settlement and debt counseling services. Get suitable advice from experts at debtsolutiongroup.
Posted on
July 1, 2009
at
7:46 am
I would be hesitant to consult these "experts." The Better Business Bureau gives Debt Solutions Group an "F" rating. According to the BBB, an F is issued if, "We strongly question the company's reliability for reasons such as that they have failed to respond to complaints, their advertising is grossly misleading, they are not in compliance with the law's licensing or registration requirements or if their complaints contain especially serious allegations..."
Posted on
July 7, 2009
at
2:38 am
thank you, i'm learning so much here. caffeinatrix, how much would a lender specifically let us loan from them? and what would be the terms and the repayment process?
Posted on
July 7, 2009
at
4:32 am
The lender needs to first determine your home's market value. From that amount, they will allow you to borrow 50-80% of that total amount, and deduct the amount that you currently owe on your house. The lender also takes some factors into consideration such as your income, credit history, and other expenses, and from there, they make a decision as to how much they will decide to loan to you, or if they will even approve of the loan at all.
Posted on
July 7, 2009
at
4:33 am
one way to increase your home's market value is to do a lot of improvements and renovations on it. my mother-in-law did just that and they were able to borrow a good amount of money for their trip to the bahamas.
Posted on
July 22, 2009
at
1:46 am
what's a good debt settlement company to work with? or better yet--what are the qualifitications of good and reputable debt settlement companies
Page: 1 2
|
