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  1. #1
    sunshine052701
    Guest

    Default Does credit card consolidation really work?

    Does credit card consolidation/debt reduction really work, and in a

    positve way? Does it positively reflect on your credit report?

    Are there really any reputatble companies with a positive working

    program out there?

    With so many companies advertizing on radio/TV it is difficult to know

    if they are good and legit.

    Please share -

    Thanks - Sunshine








  2. #2
    Jessica Mason
    Guest

    Default Does credit card consolidation really work?





    <DIV style="FONT-FAMILY: Calibri;">It does not do anything that you can not do yourself.
    <DIV style="FONT-FAMILY: Calibri;">Make a list of your debts smallest to largest and just start attacking them.
    <DIV style="FONT-FAMILY: Calibri;">If you have lump sums you can pay--call a creditor and try to negotiate that if you pay xx number of dollars will they consider the account to be paid in full.
    <DIV style="FONT-FAMILY: Calibri;">If they say yes (and many will) get something in writing PRIOR to sending them any money. Do not let them bank draft your checking account under any circumstances.
    <DIV style="FONT-FAMILY: Calibri;">YES, it ruins your credit almost if not as bad as a bankruptcy.
    <DIV style="FONT-FAMILY: Calibri;">

    -------Original Message-------


    From: sunshine052701
    Date: 7/2/2008 8:43:15 AM
    To: Budget101_@yahoogroups.com
    Subject: Budget101.com : Does credit card consolidation really work?




    Does credit card consolidation/debt reduction really work, and in a
    positve way? Does it positively reflect on your credit report?
    Are there really any reputatble companies with a positive working
    program out there?
    With so many companies advertizing on radio/TV it is difficult to know
    if they are good and legit.
    Please share -
    Thanks - Sunshine












  3. #3
    Ann Garner
    Guest

    Default Does credit card consolidation really work?

    Thanks to a financial disaster, it took me 6 years to get things

    straightened out. I didn't use the credit consolidation. I worked

    with all the individual credit cards. I finally got all but one paid

    off, and they actually let me catch up and I still have an active

    card with them. It's the last one I have, and I'm paying it off,

    though I have used it a few times. Once I get it paid off, I'll ask

    for a better interest rate, or I'll close that card. My credit

    record is still good even though I did get behind. In the past year

    I have applied for one card offer from a gas company and another

    credit card and received both. I look at it as good to have in case

    of an emergency, plus if I travel I'll be able to rent a car with the

    credit card.



    Don't think the consolidations are actually all that great. I did

    really good with the card companies. In fact, I managed a large lump

    sum to pay off one card, and they actually dropped the late fees they

    had added to the balance. It was nice to get money back from them

    once the balance was paid off. It looks a lot better on your credit

    rating to pay them off.



    Ann in Arkansas










  4. #4
    Val Coulman
    Guest

    Default Does credit card consolidation really work?

    It can work IF you don&#39;t continue to use your credit cards! Too often people consolidate their cc debt and then just continue to fill them up again and wind up back in the same hole with an even bigger debt load.


    On Wed, Jul 2, 2008 at 5:58 AM, sunshine052701 <sunshine052701@yahoo.com> wrote:

    Does credit card consolidation/debt reduction really work, and in a

    positve way?



    [/quote]
    --
    Val Coulman
    vcoulman@gmail.com



  5. #5
    classicsoulbro@hotmail.com
    Guest

    Default Does credit card consolidation really work?

    <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd"> Ok dave ramsey lol

    Sent via BlackBerry by AT&T

    From: "Jessica Mason" <jessicamason37128@gmail.com>
    Date: Wed, 2 Jul 2008 08:48:22 -0500 (Central Daylight Time)
    To: <Budget101_@yahoogroups.com>
    Subject: Re: Budget101.com : Does credit card consolidation really work?


    <DIV style="FONT-FAMILY: Calibri;">It does not do anything that you can not do yourself. <DIV style="FONT-FAMILY: Calibri;">Make a list of your debts smallest to largest and just start attacking them.<DIV style="FONT-FAMILY: Calibri;">If you have lump sums you can pay--call a creditor and try to negotiate that if you pay xx number of dollars will they consider the account to be paid in full.<DIV style="FONT-FAMILY: Calibri;">If they say yes (and many will) get something in writing PRIOR to sending them any money. Do not let them bank draft your checking account under any circumstances.<DIV style="FONT-FAMILY: Calibri;">YES, it ruins your credit almost if not as bad as a bankruptcy.<DIV style="FONT-FAMILY: Calibri;">-------Original Message-------From: sunshine052701Date: 7/2/2008 8:43:15 AMTo: Budget101_@yahoogroups.comSubject: Budget101.com : Does credit card consolidation really work?

    Does credit card consolidation/debt reduction really work, and in a
    positve way? Does it positively reflect on your credit report?
    Are there really any reputatble companies with a positive working
    program out there?
    With so many companies advertizing on radio/TV it is difficult to know
    if they are good and legit.
    Please share -
    Thanks - Sunshine




  6. #6
    Herlean
    Guest

    Default Does credit card consolidation really work?

    It seems to me that anytime you get any type of "help" paying your credit cards,

    it is not a "good" thing in the eyes of the creditors. They want it their way

    and don't even consider anything else.



    If you use it wisely and stop using the credit cards, it can be a great thing.

    You get out of debt faster. You pay a lower interest rate (usually) and you pay

    more towards the one bill, instead of spreading it out so much.



    You can do the same thing on your own, but it takes discipline. You have to

    stop using the credit cards if you ever intend to make headway. Pay as much as

    you can on the debts. Stop using them.



    Good luck!

    Herlean







    "Never believe you don't have what it takes."





    --- On Wed, 7/2/08, sunshine052701 >

    Subject: Budget101.com : Does credit card consolidation really work?

    Does credit card consolidation/debt reduction really work, and in a

    positve way?






  7. #7
    Jessica Mason
    Guest

    Default Does credit card consolidation really work?





    <DIV style="FONT-FAMILY: Calibri;">I love him!!! LOL
    <DIV style="FONT-FAMILY: Calibri;">
    <DIV style="FONT-FAMILY: Calibri;">

    -------Original Message-------


    From: classicsoulbro@hotmail.com
    Date: 7/3/2008 6:05:16 AM
    To: Budget101_@yahoogroups.com
    Subject: Re: Budget101.com : Does credit card consolidation really work?




    Ok dave ramsey lol


    Sent via BlackBerry by AT&T




    From: "Jessica Mason" <jessicamason37128@gmail.com>
    Date: Wed, 2 Jul 2008 08:48:22 -0500 (Central Daylight Time)
    To: <Budget101_@yahoogroups.com>
    Subject: Re: Budget101.com : Does credit card consolidation really work?








    <TABLE id="mod_EDIMAINTABLE" cellSpacing="0" cellPadding="2" width="100%" border="0">


    <TD id="mod_EDITEXTREGION" dir="ltr" style="FONT-SIZE: 12pt;DIRECTION: ltr;" width="100%">
    <DIV style="FONT-FAMILY: Calibri;">It does not do anything that you can not do yourself.
    <DIV style="FONT-FAMILY: Calibri;">Make a list of your debts smallest to largest and just start attacking them.
    <DIV style="FONT-FAMILY: Calibri;">If you have lump sums you can pay--call a creditor and try to negotiate that if you pay xx number of dollars will they consider the account to be paid in full.
    <DIV style="FONT-FAMILY: Calibri;">If they say yes (and many will) get something in writing PRIOR to sending them any money. Do not let them bank draft your checking account under any circumstances.
    <DIV style="FONT-FAMILY: Calibri;">YES, it ruins your credit almost if not as bad as a bankruptcy.
    <DIV style="FONT-FAMILY: Calibri;">

    -------Original Message-------


    From: sunshine052701
    Date: 7/2/2008 8:43:15 AM
    To: Budget101_@yahoogroups.com
    Subject: Budget101.com : Does credit card consolidation really work?




    Does credit card consolidation/debt reduction really work, and in a
    positve way? Does it positively reflect on your credit report?
    Are there really any reputatble companies with a positive working
    program out there?
    With so many companies advertizing on radio/TV it is difficult to know
    if they are good and legit.
    Please share -
    Thanks - Sunshine




    <TD id="mod_EDIFOOTER" width="100%">




    <TD id="mod_EDISOUND" vAlign="bottom" align="middle">













  8. #8
    Ann Garner
    Guest

    Default Does credit card consolidation really work?

    >

    >

    >You can do the same thing on your own, but it takes discipline. You

    >have to stop using the credit cards if you ever intend to make

    >headway. Pay as much as you can on the debts. Stop using them.







    I did the same thing on my own, and I even was offered dropping of

    late fees that had accumulated, lower interest rates, all that good

    stuff the consolidation companies say they can manage to get for

    you. Those card companies want their money, and are more than

    willing to work with you.



    Ann in Arkansas










 

 

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