Are those debt consolidation companies that claim they can reduce credit card debt actually a good option ?
Question:
Answer:
I have HEARD NO!!
Do alot of research! Most I have heard charge alot of interest beyond what you were paying. Best thing is to get all charge cards paid as quickly as possible and then CUT THEM UP.
That man is richest whose pleasures are cheapest. -Henry David Thoreau.
No man's credit is as good as his money. -E.W. Howe
I know people doing it right now. Some guy in FL. But its not bad. It's creaper. could help your credit record
There are a lot of people trying to take advantage of people who are in debt. Some of them encourage you to take out a mortgage on your house when they know you will be unable to keep up with payments. When you fall behind they take your house.
Instead of going to a company that stands to profit from the remedy they suggest, go to a credit counselor.
Below is a reliable source of information.
It depends on if you go to a reputable one or not.
More Related Questions & Answers...