10 responses so far ↓

• 1 Heidi L

  try They should be able to help you

• 2 Alder

  Hi,

  Check out for some useful info and tips on the matter. Good luck!

• 3 JB

  Myth: Debt consolidation saves interest, and you have one smaller payment.

  Truth: Debt consolidation is dangerous because you treat only the symptom.

  Debt consolidation is nothing more than a “con” because you think you’ve done something about the debt problem. The debt is still there, as are the habits that caused it - you just moved it! You can’t borrow your way out of debt. You can’t get out of a hole by digging out the bottom. True debt help is not quick or easy.

  Larry Burkett, noted financial author, says debt is not the problem; it is the symptom. I feel debt is the symptom of overspending and undersaving. Our certified counselors will not recommend debt consolidation for a client. Why? Because debt consolidation doesn’t work.

  Debt Consolidation Statistics
  A friend of mine works for a debt consolidation firm whose internal statistics estimate that 78% of the time, after someone consolidates his credit card debt, the debt grows back. Why? He still doesn’t have a game plan to either pay cash or not buy at all. He also hasn’t saved for “unexpected events” which will also become debt.

  Debt consolidation seems appealing because there is a lower interest rate on some of the debt and a lower payment. However, in almost every case we review, we find that the lower payment exists not because the rate is actually lower but because the term is extended. If you stay in debt longer, you get a lower payment, BUT if you stay in debt longer, you pay the lender more, which is why they are in the debt consolidation business.

  Debt Consolidation Example
  For example, let’s say you have $30,000 in unsecured debt, including a 2-year loan for $10,000 at 12%, and a 4-year loan for $20,000 at 10%. Your monthly payment on the $10,000 loan is $517 and $583 on the $20,000 loan, for a total payment of $1,100 per month. The debt consolidation company tells you they have been able to lower your payment to $640 per month and your interest rate to 9% by negotiating with your creditors and rolling the loans together into one. Sounds great, doesn’t it? Who wouldn’t want to pay $460 less per month in payments?

  But they don’t tell you that it will now take you 6 years to pay off the loan. This may not sound that bad to you at first unless you realize how much more you will actually pay in additional payments. You will now pay $46,080 to pay off the new loan vs. $40,392 for the original loans, even with the lower interest rate of 9%. This means you paid $5,688 more for the “lower payment”. Not such a good deal after all. This example shows you why they are in the business - because they make money off of you.

• 4 Mobile M

  Bad credit debt consolidation help permits a person with poor credit rating, to obtain bad credit debt consolidation loan so that monthly installments can be reduced. What a person has to do is ask for apresent debts have been dealt with, the bad credit debt consolidation loan can be paid off easily.

• 5 Pitty T

  Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.

• 6 uhggfghj r

  Hello everyone,
  i am a private and approved money lender, i give out loan to people at 3% interest rate ,
  Interested person should contact me via
  Thaink in GOD i trust
  Mr Dauda

• 7 michale d

  Bad credit is such a pitfall of the credit rating system, which stands for individual with little credit worthiness. Thus, bad credit loan is a tag that can lower your chance to get a loan.
  For more visit

• 8 Hendry

  Hi,
  I used “Credit Solution” to settle my debt.They managed to reduce my debt 58%.It’s legitimate.I came accross this company on NBC News Special Edition.Check it out here:

• 9 Rich B

  attn:

  I am Mr. Richie Banks, a reputable, legitimate & an accredited money Lender.
  I loan money out to individuals in need of financial assistance.
  Do you have a bad credit or you are in need of money to pay bills?
  I want to use this medium to inform you that i render reliable beneficiary assistance as I’ll be glad to offer you a loan.

  Services Rendered include:

  *Refinance
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  *Debt Consolidation
  *Line of Credit
  *Second Mortgage
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  Please write back if interested.

  Upon Response, you’ll be mailed a Loan application form to fill.
  No social security and no credit check, 100% Guaranteed.
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  Richie Banks

• 10 ARE K

  Hi
  I saw your question I have decided to help people out due to the fact that I myself has been scammed four times by fake lenders in my search for a loan but at last when Deborah Kirt post this lender in yahoo answer, I got a reliable lender that gave me the loan($82,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address:, Please tell him that FELLY MOORE gave out a loan to me, TAYE reffer me to him, I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.
  Thanks. God Bless !!!!