Comments for Credit Card Debt Consolidation

Comment on Are debt consolidation agencies a good idea? by Jennifer

Jennifer — Thu, 11 Mar 2010 20:31:14 +0000

Hi,
I used Credit Solution to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

Comment on What is the best way to get rid of credit card debt? by Spirish_1

Spirish_1 — Thu, 11 Mar 2010 09:42:48 +0000

You are lucky in the fact that it is only $9000. Dont’ consolidate, you’ll end up paying more in interest in the end. Take it one card at a time. Pay the smallest balances off first. Pay more than the minimums. A good rule of thumb is take your finance charge for that card for that month and double it. That way you are paying the principal plus the interest. Before you know it, you will have it paid off.

Good luck.

Comment on I’m being sued, I have the money to pay off a credit card debt, who should I make the payment to? by dreamscorporation

dreamscorporation — Thu, 11 Mar 2010 00:05:09 +0000

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is:

Comment on I’m being sued, I have the money to pay off a credit card debt, who should I make the payment to? by echo

echo — Wed, 10 Mar 2010 23:50:16 +0000

You have to make the payment agreement with the one that is suing you.

You should offer a percentage of the debt. You should stipulate in the agreement – if they agree to take a percentage, after payment, they will agree that the debt is paid and no longer collectable.
Be sure to have the agreement in writing!!!

Be sure that when you come to an agreement and when you pay that both the agreement and the payment is filed in the case file !!!

Comment on What is the best solution for credit card debt? by JIMMY

JIMMY — Tue, 09 Mar 2010 23:54:40 +0000

You have heard it before. Pay minimum on all your cards. Take the smallest amount you ouh on one and double or triple the payment. When it is payed off cancel that credit card. Then take on the next in line. Put the money you were paying on the one you just paid off and apply it plus the payment you were making on that card. The hard part is the first card, after that it begins to gain speed. The main thing is not to use the cards any more, leave them at home. If you do not have them you can not use them. And to cancel them as soon as you make that last payment.

Comment on Are debt consolidation agencies a good idea? by Studly

Studly — Tue, 09 Mar 2010 23:38:57 +0000

Caffeinated Content

The problem is there are debt consolidation agencies that take advantage of a debtors situation, and charge them huge interest fees and other charges.

If you can, find a local credit union or bank and get a personal loan. It works out to the same thing, basically.

But one word of warning….many people get consolidation loans to pay off credit cards, then turn around and run them up all over again. Now they are in twice the amount of debt, and end up filing for bankruptcy.

I have seen this many times already. If you get such a loan, you MUST control your credit spending.

Comment on Are debt consolidation agencies a good idea? by ♥Sweet Cheeks♥

♥Sweet Cheeks♥ — Tue, 09 Mar 2010 21:08:36 +0000

Caffeinated Content – Members-Only Content for WordPress

No. You will end up paying them less each month but you’ll be paying them until the day that you die and end up paying more in the long run. Set up a payment plan with your credit card company.

Comment on What is the best way to get rid of credit card debt? by chick a dee

chick a dee — Tue, 09 Mar 2010 00:13:44 +0000

I would consolidate it with a company at a low interest rate. If you can find something where you have a set monthly payment for 5 years that would be nice. Then you can treat it like a car payment or any other bill you have.

Comment on I’m being sued, I have the money to pay off a credit card debt, who should I make the payment to? by Credit Expert

Credit Expert — Mon, 08 Mar 2010 08:23:34 +0000

Always make arrangements w/the Plaintiff. Look at the complaint you were served with. It’s probably the bank. The collection agency does not own the debt so they can’t sue anybody anyway.

They just make threats to sue and do other illegal things like disclose your info to 3rd parties, leave messages with your neighbors calling your job after you told them to stop.

If they have done anything like this file a counter claim on Tuesday against the collection agency and the bank citing unfair collection practices. This is prohibited by th FDCPA, and they can be fined and lose their license to collect.

You can look up Fair Debt Collection Practices Act in a search engine. Once you get the bank on the defensive with a counter claim they are much more likely to settle w/you at a big discount if not back off entirely.

Most banks expect you to roll over and play dead as they assume most people do not know their rights. Also they do not want negative publicity.

If you decide to pay get them to fax you a receipt, show the judge and he will dismiss the case.

Comment on I’m being sued, I have the money to pay off a credit card debt, who should I make the payment to? by LindaLou

LindaLou — Sun, 07 Mar 2010 21:45:58 +0000

Call the collection agency and make arrangements to send the payment to them. The credit card company will no longer deal with it after it’s been sent to a a collection agency.