What is the most reliable financial group for debt consolidation?
Question:
Answer:
STATE BANK OF INDIA
Honestly, I would recommend you look at your situation entirely and make sure that you actually need to do a debt consolidation. You might be able to handle the debt on your own. You might also look into consolidating the debt by using the equity in your home. As a lender, when we see a consumer credit counseling service on a person's credit report, its almost as bad as a bankruptcy, but you're still left with the debt while you're making those payments. Also, many times the payments are made late to the creditors, which drive your credit score further down. IF you're a homeowner, look into a home loan. In many cases, the interest you pay on your loan is tax deductible (consult your tax adviser), whereas they are not a tax deduction on a credit card. Or, if you're very badly off, bankruptcy might be the answer... although, some of the laws have changed recently making that more difficult. If after all, you decide to still go w/ a debt consolidation services... try Consumer Credit Counseling services. You can find more info at www.consumercredit.com. I don't know how reliable they are, but you'll be able to get some info there. Good luck!
getting out of debt is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-cons...
a couple of years ago I took an debt consolidation plan, however I made some errors, luckily for you they are all tackled in this article.
good luck
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