Debt Consolidation Is Not For You - 946 Words

If you want, an instant fix then debt consolidation is NOT for you. Debt consolidation is more of a temporary solution that gives you relief from multiple loans and multiple interest rates. However, you need to be extremely careful as to which company you choose. Some of the companies are well reputed and only give out verified unsecured loans at low interest rates that do not harm your credit score. Other companies require a long-term dedication and may eat their way into your credit score and make it impossible for you to get loans from banks. What are the common risks associated of debt consolidation loans? Many companies have declared bankruptcy since the late 90s. It is not an uncommon term we hear in the business world but we†¦show more content†¦How to choose the right company for your business? The best way to choose a debt consolidation company is going by customer and client reviews. We have compiled a list of 10 different top debt consolidation companies that have emerged on top of all debt consolidation lists repeatedly. Check out for a quick but temporary solution to your money woes – Freedom Debt Relief – Freedom Debt Relief is debt counseling cum consolidating company that was founded back in 2002. It is a brainchild of Stanford Business School Graduate that has over 800 employees right now. Over 80,000 customers have lauded them for their counselling and loan services. They mainly cater to the business community in Phoenix and San Mateo. Lexington Law Firm – this is one of the veterans of debt consolidation that has been in existence for over 25 years. It has been helping out people and businesses with bad credit for years. They cater to a wide range of clients in all 50 states and provide debt counselling for clients in select states as well. National Debt Relief – you can find this name at the apex of multiple debt consolidation company lists. They have a wonderful debt reduction, consolidation and counselling history. They are also known to hold seminars and webinars for educating their clients about debt and finances. This is without doubt, one of the largest debt settlement companies in the US. GreenPath – this is one of the veryShow MoreRelatedLoan Modification Requirements For Lenders1365 Words   |  6 Pagesunless you personally give them a phone call or check their website. In the event that your lender s loan modification guidelines are hard to come by, there are professionals all across the country who will give you a free consultation specifically on your possible loan modification and every bit of information you could ask for about your lender s loan modification guidelines could be found there, as well as a simple yes or no answer as to your qualification. Whether it s possible for you to receiveRead MoreCommercial Loans Are Not Your Average Payday Loans1734 Words   |  7 Pagesnumber one SBA (Small Business Association) lending institution. Wachovia - Personal and business financial services. Ditech -Mortgage lender for personal and business. Lending Tree - Multiple loan quotes for personal and business. Before you contact a commercial loan institution, get prepared. To acquire a commercial loan takes time (from 30 to 60 days or longer) and the better prepared prior to submission of application, the less time the process will take. In general, the necessary paperworkRead MoreDebt Consolidation. What Is The Debt Consolidation?. When1034 Words   |  5 PagesDebt Consolidation What is the debt consolidation? When we talk about the consolidation of our debts we refer to re-scheming them with the purpose of paying them as soon as possible.A frequent situation is when an individual †spreads† his debt on more credit cards, fixed-rate loan payments etc. Leaving aside the fact that such a procedure is harmful for your credit history, the most significant loss will be in the debtor`s pockets. Debt consolidation- prejudicial or beneficial? Despite it`s meaningRead MoreGeneral Information Concerning The Protected Deed Trust1372 Words   |  6 Pagesrepayment plan, allowing people with unmanageable debt to repay an affordable and realistic monthly payment to clear unsecured debt is known as a Trust Deed. How can a Trust Deed Help? . Debtors must pay a monthly sum that is realistic and affordable . The monthly repayment is based on income and expenditure . This type of debt repayment plan is generally spread over a period of four years . At the end of the four year term, any outstanding unsecured debt is legally written off Debtors will be askedRead MoreWhy I Need Discipline At Snowball Pay My Debts With A Snowballing Technique1707 Words   |  7 Pages 4 - Paying Off Your Debts With A Snowballing Technique Some call it a snowballing technique and others a positive-feedback loop, but it basically means paying off your debts. The trouble is that this technique uses a little bit of budgeting (which is tough), and you will need a fair amount of discipline to pull it off. Why Will I Need Discipline To Snowball-Pay My Debts The reason is that as the money builds up in your account--it starts to look awfully tempting. It grows and grows in your accountRead MoreThe Student Loans Consolidation Programs1400 Words   |  6 PagesWhen you are studying it is very easy to find, apply and get loans. Students do not even find it problematic and the need also urges them to obtain a number of loans. Besides covering the high cost of education, they have to take into account the expenses on books, accommodation and sometimes living expenditure also. After graduation it is the biggest problem that people face and find it confusing and crushing to pay off their loans. If you too are facing the same problem, consider suntech studentRead MoreLoans For The Unemployed May Be A Solution1576 Words   |  7 Pagesnot list their rate schedule on their Web sites. To find out what their loan rates are you must complete an application or contact their office. Borrowers of loans for the unemployed must demonstrate they do poss ess some means to repay the funds borrowed. Any type of benefits you are receiving, i.e., unemployment benefits, social service benefits or employer severance benefits may be acceptable and can help you qualify. Designed to help individuals and families in need during these tough economicRead MoreLoan Of Student Loan Consolidation767 Words   |  4 PagesStudent Loan Consolidation May Be The Response To Your Financial obligation Concern With this, the loans stay overdue for 270 days or end up being 270 days past due at any time, leading the loans to default condition. Federal student loans are more beneficial compared to personal student loans. The interests on federal loans are tax-deductible and on certain kinds of service, the student loan might be forgiven. In consolidating your student financial obligation, it is suggested not to blend theRead MoreWhy Credit Counseling Is The Right Solution For Your Particular Needs842 Words   |  4 PagesIf you are struggling to pay your debts, bills and other necessary expenses each month, you have probably considered turning to a for profit credit counseling service. Before determining if credit counseling is the right solution for your particular needs, it is important to understand the pros and cons as well as alternatives that might work better. Basics of Credit Counseling: Before looking into a credit counseling company, it is important to understand the basics of the service. UnderstandingRead MoreWhy I Was The Teacher Unhappy?1546 Words   |  7 Pagesher an $18,000 a year scholarship, which was lovely but would still leave her with a bill of $20,000 a year, and thus a debt of $80,000 when she walked out of those hallowed halls. The college she had chosen, on the other hand, had offered her a mere $5,000 a year scholarship. But given the much cheaper tuition, this would leave her walking out of school with a mere $24,000 in debt. In the end, the counselor was disgruntled, and my daughter was flat-out pissed. Is he going to pay that bill for me