Credit Debt Advice.Net Intelligent Advice For All Of Your Credit & Debt Problems

Looking for a reputable debt consolidation company

07.23.2010 · Posted in Debt Consolidation

I fell behind on my credit card payments when I had an emergency medical expense. Although I have a steady job and income, the credit card companies have raised my payments and dropped the limits so there’s no way I’ll be able to catch up. I want to do debt consolidation but the companies I have found are all a scam. I know consolidation ruins your credit, but having eight accounts that are 90+ days past due does that too. I’ve been unable to work out plans with the credit card companies or find a second job. Does anyone know of a reputable debt consolidation company?

More Credit Debt Advice

  1. What is a really good credit consolidation company?
  2. what is the best debt consolidation company for private and student loans?
  3. How can I consolidate credit card debt without using a debt management company?
Comments
  • wisegirl74 July 23, 2010 at 10:45 am

    The most reputable debt managing company believe it or not is you. Why give someone else your hard earn money to manage. You can design a plan that works for you (budget) and manage it every time you get paid, and follow the plan (it takes about 3 months) until you master it. Name every dollar in the budget and stop, stop, stop spending, use the clothes and shoes you already have and only shop for necessities, stop dining out and lunching out, start cooking everything from scratch it is cheaper and healthier. Frozen foods, prepackaged foods and specialty products are super expensive. Avoid them.

    For those accounts who are past due, try to get current the best that you can, then start negotiating with them lower payments locked for X amount of time and start paying them off one by one starting by putting the minimum they want. Once you pay off the first credit card roll that monthly payment to the next one this will give you more money to cancel the next one and so one. If you really buckle up and if you really want to clean your debt and credit you can get rid of it within 2 to 3 years depending on your income. If you have two cars and are making payments on them sell one of them or both and get beater cars you need to make drastic changes whether you use a managing company or not.

    Personal finances is 80% behavior and 20% math. So it is up to you.

    Good Luck!!!!!!

  • Alan from Quickest Way To Lose Weight July 23, 2010 at 1:15 pm

    You should take care of everything yourself. This is the hardest, yet the most secure way.
    Alan@Quickest Way To Lose Weight´s last [type] ..Fast Weight Loss Diets Confusion

  • Ilyse Klavir from Lancaster California Bankruptcy Attorney July 23, 2010 at 3:05 pm

    wisegirl74 is well a very wise girl indeed. There’s nothing a debt settlement company can or will do that you can’t do yourself. Just be proactive and start negotiating payments or a total debt level that you can manage.
    Ilyse Klavir@Lancaster California Bankruptcy Attorney´s last [type] ..Day at the Historic Riverside County Courthouse

  • Cheapskate Mate August 1, 2010 at 12:13 pm

    Here in the UK, debt consolidation agencies are not looked upon with the greatest of love and respect – as are often unhelpful, and make situations worse for people often. I would suggest seeking advice and finding out if theree are charities or counselling services that can help – as in the UK< and agreeing with the first comment. Its 80% behaviour and 20% math. All the debt consolidation in the world won't help if we continue the same patterns

  • High approval rate online loans September 18, 2010 at 5:20 am

    Amazing post, Thank you for all these interesting information, it is a very helpful for those people who are looking Looking for a reputable debt consolidation company.actually credit cards is good financial tools for credit cards holders. It is responsible to the credit card holder for manage the account. so if you are looking for a personal loan the payday bank are one of the best solution for quick cash and advance cash.
    Thanks again!

  • asset management November 13, 2010 at 1:21 am

    If you are aware of the rampant behavior of some consolidation company, maybe you would prefer finding the legit one. For you to be sure, If you were invited by an agent, please make sure that you check first the company profile they representing. Read and find good reviews if possible. Check if the company is really profitable and reliable to secure all clients program.

  • David December 22, 2010 at 5:20 am

    Before that can I ask one thing. Where do you want to know?

  • Buchanan Clark and Wells debt help January 8, 2011 at 5:55 am

    If you are finding such a reliable and reputable debt consolidation company, why don’t you just contact to debt-line.org.uk/BuchananClarkandwell, I hope you problems will resolve here.

  • payday today January 11, 2011 at 4:56 am

    If you searching to reputable and best reliable debt consolidation company, i suggest you samedaypaydayloans and paydaybank are the best payday loan lenders.Contact immediately for any query…or Help..

  • Mike Klingler January 12, 2011 at 1:56 pm

    This information is very helpful for many people. Thanks for the great post!
    Mike Klingler´s last [type] ..Needing Help with Your Online Business or Marketing Plan Last Day Reminder…

  • gogus buyutucu March 12, 2011 at 11:07 am

    Amazing post, Thank you for all these interesting information ;)
    gogus buyutucu´s last [type] ..Elma Krom Nasıl Kullanılır

  • hina from latest fashion pakistan April 1, 2011 at 3:47 pm

    have really no idea instead I was looking for that as well when I got my leg issue in car accident

  • digital April 16, 2011 at 9:23 am

    Thanks for the great post. I like the post. I’ve truly enjoyed reading your blog posts.
    digital´s last [type] ..Sony Releases NEX-FS100 and HXR-NX70 Camcorders

  • Gayle from Foreclosure Attorney Orlando May 11, 2011 at 4:37 am

    “The most reputable debt managing company believe it or not is you.”
    - This statement is from the first comment. I truly agree with this.. Why can’t we manage ourselves from having debt? It is just this, discipline our self, stop spending too much on things that is not needed.

  • Asia Fashion Wholesaler May 12, 2011 at 1:51 am

    i dont know too, hope some can help you.

  • Armil from Debt Management Consultant July 24, 2011 at 10:47 pm

    Consulting a debt management consultant is one way to handle your debts. I don’t find it as a bad idea afterall.

  • Lorinser Mercedes Benz August 16, 2011 at 6:56 am

    I really enjoy reading this article. Hope that you would do great in upcoming time.A perfect post.

  • Cris from Asigurari RCA August 17, 2011 at 4:12 am

    I do no think that this is a good idea. Maybe you should think of something else.. Be very careful with those scam.

  • Edward from Life Insurance October 24, 2011 at 8:43 pm

    Here are some of my advice in looking for a reputable debt consolidation company. Search them through internet. If you found such companies, always look for free consultation. Don’t pay for consultation. Look for their physical address. Beware of fake companies. And lastly, compare their rates if it matches the industry.

  • Sage 50 Accounts March 7, 2012 at 10:56 am

    i agree with Cris we need to be careful with scams

  • Peter from JBI May 10, 2012 at 4:50 am

    Yeah, in accordance with what those who have gone before me have said, debt management/consolidation companies are far from essential unless you are working too hard to ever pay any attention to your finances. Pay off the highest rate cards first, then turn to the rest.

  • Post a comment

    CommentLuv badge

    This site uses KeywordLuv. Enter YourName@YourKeywords in the Name field to take advantage.

    Threaded commenting powered by Spectacu.la code.

Rss Feed Tweeter button Facebook button Technorati button Reddit button Myspace button Linkedin button Webonews button Delicious button Digg button Stumbleupon button Newsvine button
Powered by Yahoo! Answers