Credit Repair Information

cris_romy asked:


I have a debt for 20000 in credit cards I need to consolidate them into one payment.. What are the advantages and disadvantages with these companies??. How can I choose the right one/?? Waht should be aware of?? thanks..

KEENER

ABIGAIL asked:


I ran out of cash meeting uninsured broken arm surgury, then started using credit cards. Did the low rate transfers and all that stuff. Now back to work, but could not make payments last few months. Hounded by their phone calls all the time. Have not answered their calls. But I am now working again and can start making payments. I am ready to contact the credit card companys. Before I do, I would welcome any advise (or benefactors, Ha,Ha). Totally, by rough calculations I owe about $80,000.
As an after thought, I am aware there were changes in the bankruptcy laws but do not know the specifics. Is bankruptcy a good option. Basically I have zero assets, no real property.

In closing, who is a reputable debt consolidation company, is bankruptcy a viable alternative, or is their an an alternative I do not know of? Thank you for your advise.

P.S.
Spend $10 for a non-slip pad for your bathtub. Money well spent !

GADDY

kestrelk8 asked:


anyone have any experience with dealing with these types of companies? recommendations?

RAYMOND

Nik asked:


What is the benefit of using debt consolidation for credit card debt? I am trying to decide to either call the credit card companies myself and negotiate for a lower payoff/settlement amount, or to use a debt consolidation company? If I negotiate with the credit cards directly, will that be considered a charge off? I would want to settle myself if I can to avoid paying all the months of high interest. But if I use debt consolidation, then they will charge me a fee every month for so many years? What is their purpose? What would be the best route to go financially?

POTTS

Sunflower asked:


credit limit. I’m wanting to combine/transfer all of my existing credit card balances onto one credit card and have only one monthly payment. Does anyone know of a credit card or a trustworthy debt consolidation company? I would like to take the credit card route only because it’s faster and easier and there’s not a million questions, but any advice would help. I need to get this done as as soon as I can. Thanks.

WASHINGTON