I have a lot of debt.?

Question

About $17000, should i consider consolidaion? Will it make my credit score go down?

Answer 1

Than why dont you try debt consolidation. you dont believe but i was also caught by debt before few months, and I really thanks to the company who gave me consolidation loan at really such a great lower interest rates. Well I every advise you too, to go for debt consolidation loan. here is the site who help me out : http://www.debtreduction123.net

Answer 2

I will provide you some tips about the on line debt consolidation loans which enable you to know about the procedure and process of taking debt consolidation.

If the borrower wants to take a loan the credit history of borrower matters a lot for lender. The credit history can be spoiled by any debt or neglected payments which borrower has been casual about and directly have an effect on the interest rate which is going to be charged by lender. You can free yourself from these debts without difficulty through online debt consolidation.

Sometimes, borrower creates debts intentionally or unintentionally. If borrower pays the debts regularly then he/she may avoid the outstanding debts which directly have an impact on credit score. There are many ways where the credit scores are known likewise on FICO scale if score are lowered than 600 it means a bad credit score for the borrower. Online debt consolidation can help the borrower in getting free from all there debts which may cause obstruction in the future monetary assurance.

In the course of consolidation, all multiple debts that the borrower be indebted the lenders are clubbed jointly as one and then a resolution is looked after. The finest way to deal with debts is to take up a fresh debt consolidation loan which is also available online. These loans are available at very low rate of interest, it helps the borrower to pay off several debts at once and help to repay in single monthly installments.  

Moreover, borrower can take a help of financial consultant or financial agency is clearing old debts. Reduces the expenditures, additional savings some tips have been provided to borrowers so that they can avoid debts in the future too. Online study helps the borrowers in getting the finest services sitting in home or an office.

Online debt consolidation helps borrowers to find easy solutions to there financial problems. Online debt consolidation loans help borrower to cope up the future problems.

Answer 3

Your credit score won't go down until you pay off all your debt.  

Answer 4

Consider welfare.

Answer 5

I have no bills because one day I simply stopped paying everyone. So what I get collection fan mail that stopped years ago. It's been six years and it's off my credit record already

Answer 6

consolidating raised my credit score. get a loan to pay them off, then cut the cards up. if you dont and you have zero balances on them, you will be tempted to use them. then make the payments to pay off the debt.

i didnt have as much debt as you, i just took one bigger credit card with a nice low interest rate and paid off the others. it made it so i had only one payment, and it went away easier.