Who is the best and cheapest debt management?

Question

Hi, i am looking for the cheapest and best debt management company, do you have any details please?

Answer 1

The best start is to make sure to start saving. Dont wait until everythign else is paid off. If you are to hit a rough patch, having the old debt paid off will do absolutely no good when you have to go into debt yet again since nothing is put back for a rainy day. This is the #1 mistake listed at many websites I have visited.

Answer 2

Your own bank would be the easiest and cheapest for debt consolidation but they still own your a'ss, don't let them fool you they will sing a song maybe 6.5 percent apr but the slightest default and they'll s***w you.  I had a 5k consolidation loan in the end i ended up paying 9k as a final settlement.  I took out the insurance, now heres where it gets nasty i got paid of from work, the place i used to work for told the bank when asked told them i walked! and left work.  They refused to honour the insurance hence the 9k settlement.  If you can as a final solution get bankruptcy instead of a loan.  You win they loose.  I know other companies charge 12-13 percent on a consolidation loan or as they call it "debt management" the only thing they manage is getting you into more debt.

Answer 3

Kerstin,

There's a good article at eHow on steps to take to begin tackling your debt.  Take a look at it:

http://www.ehow.com/how_2326032_avoid-es...

How to Stop Escalating Debt

It includes information on companies (both non-profit and for-profit) that can help you with debt consolidation and reduction.  

You can also look here for tips on earning some extra cash online:

http://www.ehow.com/how_2254361_money-in...

How to make money on the internet, scam-free

Lastly, here's an interesting alternative to conventional lending...getting a "social networking" loan from Virgin Money (from the same folks who run Virgin Airlines):

http://www.ehow.com/how_2310995_student-...

Social Loans from Virgin Money

Hope these help.

Answer 4

Here is the source of a debt management company named http://ezconsolidation.com which I know, for your reference.

Answer 5

Firstly don,t pay for debt management

it is free and impartial see below

http://www.cccs.co.uk