Comments for needdebtconsolidationloan.com http://needdebtconsolidationloan.com Take Care Of Your Debts Sun, 18 Apr 2010 05:03:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on What is the best debt consolidation company? by Lawyer http://needdebtconsolidationloan.com/what-is-the-best-debt-consolidation-company-2.html/comment-page-1#comment-1415 Lawyer Sun, 18 Apr 2010 05:03:40 +0000 http://needdebtconsolidationloan.com/what-is-the-best-debt-consolidation-company-2.html#comment-1415 Try this site http://Best-Financial-Consultation-USA.info Here you can find the best debt settlement specialist that available in your area for free Try this site

http://Best-Financial-Consultation-USA.info

Here you can find the best debt settlement specialist that available in your area for free

]]> Comment on Does debt consolidation work and help improve your credit score? by Lawyer http://needdebtconsolidationloan.com/does-debt-consolidation-work-and-help-improve-your-credit-score-2.html/comment-page-1#comment-1414 Lawyer Sun, 18 Apr 2010 02:19:13 +0000 http://needdebtconsolidationloan.com/does-debt-consolidation-work-and-help-improve-your-credit-score-2.html#comment-1414 Try this site http://Best-Financial-Consultation-USA.info Here you can find the best debt settlement specialist that available in your area for free Try this site

http://Best-Financial-Consultation-USA.info

Here you can find the best debt settlement specialist that available in your area for free

]]> Comment on Does debt consolidation work and help improve your credit score? by evilattorney http://needdebtconsolidationloan.com/does-debt-consolidation-work-and-help-improve-your-credit-score.html/comment-page-1#comment-1322 evilattorney Sun, 21 Mar 2010 17:20:43 +0000 http://needdebtconsolidationloan.com/does-debt-consolidation-work-and-help-improve-your-credit-score.html#comment-1322 Nope. Most charge insanely high fees and most don't work. You are only going to improve the situation by actually paying attention to your finances. If your situation is dire - try Dave Ramsey. He's hard core but his plan works - but only if you grow up and get serious. Nope. Most charge insanely high fees and most don’t work. You are only going to improve the situation by actually paying attention to your finances. If your situation is dire – try Dave Ramsey. He’s hard core but his plan works – but only if you grow up and get serious.

]]> Comment on Debt Consolidation? by Feeling Mutual http://needdebtconsolidationloan.com/debt-consolidation-5.html/comment-page-1#comment-1321 Feeling Mutual Sun, 21 Mar 2010 14:31:50 +0000 http://needdebtconsolidationloan.com/debt-consolidation-5.html#comment-1321 Debt consolidation loans are usually a rip-off, extending loans way out and you end up paying a lot more in interest, plus the loan origination fees increase the amount owed. Instead: Transfer credit card debt to lower interest rate cards, some will give you 0% for a transfer. Do this before deciding which one has the highest interest rate to pay off first. Pay at least double the minimum monthly payment on the credit cards and car loan. This extra will go entirely towards the principal, and reduce the debt a lot faster. Pay off the highest interest rate credit card (or loan) first. It is also a good idea to pay extra principal on your house, to reduce the interest and increase the equity. Sell the car and get a used one that costs less if you have to. Destroy your credit cards and don't use them again, instead get a credit/debit card that pays interest and cash back for any charges. So you make money when using it instead of pay money. Debt consolidation loans are usually a rip-off, extending loans way out and you end up paying a lot more in interest, plus the loan origination fees increase the amount owed.

Instead:

Transfer credit card debt to lower interest rate cards, some will give you 0% for a transfer. Do this before deciding which one has the highest interest rate to pay off first.

Pay at least double the minimum monthly payment on the credit cards and car loan. This extra will go entirely towards the principal, and reduce the debt a lot faster.

Pay off the highest interest rate credit card (or loan) first.

It is also a good idea to pay extra principal on your house, to reduce the interest and increase the equity.

Sell the car and get a used one that costs less if you have to.

Destroy your credit cards and don’t use them again, instead get a credit/debit card that pays interest and cash back for any charges. So you make money when using it instead of pay money.

]]> Comment on Debt Consolidation? by Feeling Mutual http://needdebtconsolidationloan.com/debt-consolidation-4.html/comment-page-1#comment-1320 Feeling Mutual Sun, 21 Mar 2010 14:31:49 +0000 http://needdebtconsolidationloan.com/debt-consolidation-4.html#comment-1320 Debt consolidation loans are usually a rip-off, extending loans way out and you end up paying a lot more in interest, plus the loan origination fees increase the amount owed. Instead: Transfer credit card debt to lower interest rate cards, some will give you 0% for a transfer. Do this before deciding which one has the highest interest rate to pay off first. Pay at least double the minimum monthly payment on the credit cards and car loan. This extra will go entirely towards the principal, and reduce the debt a lot faster. Pay off the highest interest rate credit card (or loan) first. It is also a good idea to pay extra principal on your house, to reduce the interest and increase the equity. Sell the car and get a used one that costs less if you have to. Destroy your credit cards and don't use them again, instead get a credit/debit card that pays interest and cash back for any charges. So you make money when using it instead of pay money. Debt consolidation loans are usually a rip-off, extending loans way out and you end up paying a lot more in interest, plus the loan origination fees increase the amount owed.

Instead:

Transfer credit card debt to lower interest rate cards, some will give you 0% for a transfer. Do this before deciding which one has the highest interest rate to pay off first.

Pay at least double the minimum monthly payment on the credit cards and car loan. This extra will go entirely towards the principal, and reduce the debt a lot faster.

Pay off the highest interest rate credit card (or loan) first.

It is also a good idea to pay extra principal on your house, to reduce the interest and increase the equity.

Sell the car and get a used one that costs less if you have to.

Destroy your credit cards and don’t use them again, instead get a credit/debit card that pays interest and cash back for any charges. So you make money when using it instead of pay money.

]]> Comment on Debt consolidation? by Rick B http://needdebtconsolidationloan.com/debt-consolidation-3.html/comment-page-1#comment-1319 Rick B Sun, 21 Mar 2010 11:17:19 +0000 http://needdebtconsolidationloan.com/debt-consolidation-3.html#comment-1319 You don't need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself! Call all of them and work out a payment plan and try to get your interest lowered or stopped. Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off. You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH. Go to the library and get "The Total Money Makeover". Read it and follwo it carefully. Go check out Dave's website as well. www.daveramsey.com You don’t need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself!

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don’t eat at a restaurant until your debts are under control.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follwo it carefully.

Go check out Dave’s website as well.

http://www.daveramsey.com

]]> Comment on I received a settlement from a wreck ,do i have repay my debt consolidation off first as I have been told? by Night Crawler http://needdebtconsolidationloan.com/i-received-a-settlement-from-a-wreck-do-i-have-repay-my-debt-consolidation-off-first-as-i-have-been-told.html/comment-page-1#comment-226 Night Crawler Sat, 04 Jul 2009 00:15:37 +0000 http://needdebtconsolidationloan.com/i-received-a-settlement-from-a-wreck-do-i-have-repay-my-debt-consolidation-off-first-as-i-have-been-told.html#comment-226 It's probably not a bad idea but NO. That money is yours not theirs. You don't have to pay them anythin if you don't want. It’s probably not a bad idea but NO. That money is yours not theirs. You don’t have to pay them anythin if you don’t want.

]]> Comment on Anyone know of a reputable BK Attorney and Debt Consolidation Specialist? by Dharwadian http://needdebtconsolidationloan.com/anyone-know-of-a-reputable-bk-attorney-and-debt-consolidation-specialist.html/comment-page-1#comment-225 Dharwadian Thu, 02 Jul 2009 22:26:18 +0000 http://needdebtconsolidationloan.com/anyone-know-of-a-reputable-bk-attorney-and-debt-consolidation-specialist.html#comment-225 If your clients have no other choice, then they can try a debt settlement program. One good company is Freedom Debt Relief ( http://www.freedomdebtrelief.com ). They have a good rating with the better business bureau and have been in business since 2002. The company is run by Stanford Business School Graduates. They could be a good partner for your referrals. If your clients have no other choice, then they can try a debt settlement program. One good company is Freedom Debt Relief ( http://www.freedomdebtrelief.com ). They have a good rating with the better business bureau and have been in business since 2002. The company is run by Stanford Business School Graduates. They could be a good partner for your referrals.

]]> Comment on Is there an actual government agency that does Debt Consolidation? by Celeste http://needdebtconsolidationloan.com/is-there-an-actual-government-agency-that-does-debt-consolidation.html/comment-page-1#comment-224 Celeste Wed, 01 Jul 2009 21:04:53 +0000 http://needdebtconsolidationloan.com/is-there-an-actual-government-agency-that-does-debt-consolidation.html#comment-224 No. The only debt consolidation the government will help you with is bankruptcy. So, until then, consolidating your debt is a private matter. You can find many credit counseling services online or in your phone book. No. The only debt consolidation the government will help you with is bankruptcy. So, until then, consolidating your debt is a private matter.
You can find many credit counseling services online or in your phone book.

]]> Comment on What is the min. amount credit card debt you must have to do debt consolidation and is this a good idea? by Jeanne R http://needdebtconsolidationloan.com/what-is-the-min-amount-credit-card-debt-you-must-have-to-do-debt-consolidation-and-is-this-a-good-idea.html/comment-page-1#comment-220 Jeanne R Mon, 29 Jun 2009 19:31:34 +0000 http://needdebtconsolidationloan.com/what-is-the-min-amount-credit-card-debt-you-must-have-to-do-debt-consolidation-and-is-this-a-good-idea.html#comment-220 Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. The hit to your credit score is very bad. There is a better way. A. Have a garage sale and sell anything that you no longer need or want. B.Get a temporary part time job, if you have one, get another. Here is a plan that can help you. If you work the plan, the plan will work for you: 1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make. 2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on. 3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example: To start : Debt #1 (highest interest): minimum payment+ extra payment Debt #2 (middle interest): minimum payment Debt #3(lowest interest): minimum payment Debt #1: paid off Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment Debt #3: minimum payment Debt #1: paid off Debt #2: paid off Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment. That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have. 4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty. 5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life. 5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire. 5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest. You can do it and it isn't as hard as you think. Just follow the plan Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. The hit to your credit score is very bad.
There is a better way.

A. Have a garage sale and sell anything that you no longer need or want.

B.Get a temporary part time job, if you have one, get another.

Here is a plan that can help you. If you work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an "emergency fund" category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make.

2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.

3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.

4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.

5a. When you have your emergency fund in place, add a category for "fun" to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.

5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.

5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.

You can do it and it isn't as hard as you think. Just follow the plan

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