Anybody who could help me find a ligitimate company who offers consolidation of debts to a non homeowner.?
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Answer:
I signed up with American Consumer Credit Counseling. They only take your non-secured debt, like credit card debt. My APRs were reduced from an average of 27% to about 8%. You make a small monthly payment - mine is $140 for about $2500 worth of debt. The catch is that you can't open any new lines of credit while you are in the program, but it will definitely help you get your credit back on track.
And as for it creating a "negative" mark on your credit - it doesn't. It creates a neutral mark that alerts companies that you are in a debt consolodation program. Lenders will likely not lend to you because of this, but you shouldn't be borrowing at that point anyway. The mark comes off your credit report completely once you've paid off your debt and are out of the program. It's working really well for me.
Whichever organization you choose, check up with them on the Better Business Bureau and the Federal Trade Commission, always!
Try one of the companies that offer you credit cards. That's what I did. Terms depend on your income and credit history.
Credit counseling allows you to consolidate payments, lower interest rates and lower your overall monthly payments. You should look for a credit counseling agency that has a satisfactory rating with the Better Business Bureau.
Hi,
I used "Credit Solution" to settle my debt.They managed to reduce my debt up to 58%.I came accross this company while watching NBC.Check it out here:
http://www.kqzyfj.com/click-1813149-1046...
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