Posted on
March 25, 2010
at
3:36 am
debt counseling vs debt consolidaiton what is the difference?
Posted on
March 25, 2010
at
3:40 am
debt counseling vs debt consolidaiton what is the difference?-- you mean debt consolidation? I think that they're the same.
Posted on
March 25, 2010
at
4:16 am
debt counseling vs debt consolidaiton what is the difference?-- mm definition of terms. Let's see. Debt counseling could be debt settlement and debt consolidation could be credit counseling.
Posted on
March 25, 2010
at
4:53 am
debt counseling vs debt consolidaiton what is the difference?-- mm definition of terms. Let's see. Debt counseling could be debt settlement and debt consolidation could be credit counseling. ---- IF this is the case, debt settlement is all about negotiating the balance and credit counseling is negotiating the interest rates.
Posted on
March 25, 2010
at
5:10 am
About debt consolidation - credit counseling - Also known as The Debt Management Program, It is an advisory service offered to consumers with excessive debts. It is perceived to be a better alternative to bankruptcy. There is a nominal monthly fee that the members of the National Foundation for Consumer Credit charge but mostly credit counseling is free. It's $25/mo. after a one time set up fee.
Posted on
March 25, 2010
at
5:20 am
If your debt amount is not that high (less than $10k) and you are still current - it might be the right program for you.
Posted on
March 25, 2010
at
5:35 am
If you mean debt counseling or debt settlement, its requirements are debt amount of $10k - also, accounts that are past due or almost. If you'rewondering about the fees - Debt settlement companies would charge 15% of your total debt amount -spread over 18 months or they will take between 20-25% of the settlement amount.
