Debt Consolidation Accredited
Posted on
July 23, 2009
at
3:38 am
what can yuou say about debt consolidation accredited?
Posted on
July 23, 2009
at
4:01 am
Debt consolidation accredited? Did you mean accredited debt consolidation companies?
Posted on
July 23, 2009
at
4:04 am
yes yes debt consolidation management accreditation, thanks
Posted on
July 23, 2009
at
4:06 am
Okay it is Association of Independent Consumer Credit Counseling Agencies and the National Foundation for Credit Counseling. Companies accredited with those groups will very unlikely charge excessive fees or try to take advantage of you. May I know why you are asking this? Are you looking for a debt relief service?
Posted on
July 23, 2009
at
4:09 am
no it is my relatives, $23,000 debts with cards and banks call-plus house problems. need help, and i said debt management, and now i need companies
Posted on
July 23, 2009
at
4:13 am
Hi there, $23,000 in credit card debt is a huge amount, and I don't think that credit counseling is the best debt relief option for that, or consolidation loans for that matter.Why don't you try debt settlement instead? If your relative is already getting creditor calls...it means that their accounts are now past due, and that is actually a good news for your relatives. It means that the bank/creditor might negotiate their debts through the debt settlement company.
Posted on
July 23, 2009
at
4:16 am
I agree with there she goes again, credit counseling and/or debt management is best with lower debt amounts. Since the amount that you mentioned is over $10,000 and the account is past due, that $23,000 can actually be chopped to as low as $12,000 (depending on the negotiation) via a debt settlement program.
Posted on
July 23, 2009
at
4:17 am
why what is the matter wit credit counseling and debt consolidation loans?
Posted on
July 23, 2009
at
4:26 am
Okay..the traditional debt consolidation loans have two types 1) unsecured, and therefore considered riskier than other types of loans, which translates to higher interest rates 2) secured loans which is tied to a collateral (home, properties, cars, etc.)--if you default on the secured loan type, you might lose your property.Credit counseling agencies attempt to reduce a borrower's interest rates, and if successful, the consumer is able to pay off what he/she owes over a shorter period of time. Debt management plans tend to last 5 years on average and that is a long time. That is why many are unable to keep up with the payments and have gotten kicked out of the program without resolving much of their debt problem.
Posted on
July 23, 2009
at
4:31 am
Right and instead of looking for companies in an accredited debt consolidation body, look at TASC's list instead, or The Association of Settlement Companies. With your type of debt, I am convinced that debt settlement is the right relief for you.What is debt settlement? Debt settlement can help you to pay off your debts much faster than getting a loan(12-48 month period). Plus your balance can be lowered to as much as 40-60%.
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