Debt Consolidation

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Does anyone have any advice on debt consolidation? I want to learn everything I can about it before I take the leap to do it, what are the best companies, pros and cons...stuff like that. I haven't been able to work for the past few months because I moved to Virginia with my fiance and with me having a 3 year old with no one to help care for her, it's been really hard. She starts head start on the 3rd of September, however, it seems as if my bill collectors are gonna drive me crazy before then. I have been making payments, but last month I had to start making lower payments and half payments. Well that is not good enough for Wells Fargo. I just need some advice on this subject. Thanks to all, and have a great day! Well, I just got off the phone with incharge and they said there is nothing they can do for me. *sigh* Any other ideas?

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Has anyone gone through debt Consolidation? If I am in debt atleast $20,000. How much do you think my monthly payments would be? How do they determine how much you will pay and can pay?

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I owed $25,000 in credit card debt (5 cards) and I consolidated with United Financial. I had late fees on all and my average interest rate was 30%! I now pay $490 per month and all of my interest rates are between 2 and 9%! The late fees are gone and all of my cards are now current. I will be in the program for another 36 months and then I will be debt free. I am so very greatful for joining this program. Just be cautious - keep at least one card out of the program, because once you consolidate, you are unable to use the cards and monitor your monthly statements to ensure that the payments are being received on time.

Does anyone know of a legitimate debt consolidation company? I have about $8,000 in credit card debt between myself and my husband and I feel like it's a dark cloud over my head...

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I would suggest you to join a debt settlement company who will negotiate with your creditors and bring down your principal debt by around 30% to 70% depending on your credit companies. You can make minimum monthly payments and get out of debt within 3-36 months. There are no hidden costs and upfront fees associated with the monthly payment options. They will start working on your credit cards once you join the program within 24 to 48 hours. A debt consolidation company will negotiate but they will not be able to reduce your principal debt amount. You can make monthly payments but god knows how much time it will take to be debt free. check out this debt settlement company who has helped me out with this unsecured debt situation. http://www.debtfreeafterall.com Good Luck

what is te best debt consolidation website, offering service for people that have a not so good debt to income ratio.

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I highly recommend Delray Credit Counseling. Their services are free. See Sources.

Can someone explain how debt consolidation work? If your in debt and you pay someone else at a lower rate, then why doesnt everyone go this route? And im thinking about going this route, how do i do it? Who do i contact

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