Business Information and Help

redsoxchick asked:


Does anybody know how many times you can consolidate private student loans? Right now I have approx $26K in student loans consolidated with Sallie Mae at about 10% interest rate. I would like to get a better one, but have already consolidated. If I can only do it once, do loan companies actually lower the rate based on credit and payment history?

Karen asked:


My husband and I have about $23,000 in debt and are considering going to one of the many debt counseling companies that we see advertised. Can they really help by working with the credit card companies ? Also do they all charge a fee and how do they work? Refinancing our home is currently not a option.

kmd517 asked:


I am going thru a divorce right now and have had a lot of problems with money. I am about 3-4 payments behind on my credit cards. I am just not starting to get back on my feet financially. I have about 3 credit cards to pay on. One I could pay off myself in a few months, the other one by the end of the year. But my biggest credit card would take me years. I **** to ruin my credit because it has been fairly good. I have always made atleast the minimum payment. My question is, should I just call them and try to catch up and continue the minimum payments and slowly pay them off? OR Should I use a debt/credit consolidation service? Keep in mind credit is very much a concern even tho yes I realize I have probably hurt it a little already, but that was something I had no control over.

quincy asked:


I am a student and have no property. But my credit score is average, I’m told. I want a loan to pay off my high-interest credit cards. What do I need to do to get one? Should I do it at a bank or somewhere else?
Also, is it possible to get such a loan without closing my credit card account? I can stop using it but I want to leave the account open since it’s been open with good standing for six years.
Any recommendations on banks?

ticktock asked:


A while back, I got a line of credit to pay off other loans with higher interest rates. It has helped a great deal, until now. All of a sudden, we have more bills. I feel like I’m over-loaded with bills, bills, and more bills lately. Is there another type of loan with a low interest rate that I can just use to pay off what I currently have so that all I have is the bill for the new loan? I don’t really understand how APR’s work. All I know is the higher your balance is, the more you pay in interest. Can anyone please help with explanations and/or suggestions?

David M asked:


I am in debt with a credit card issued by my bank and the interest is killing me. How does debt consolodation work? If I do this, will my interest go down and will it affect my credit in any way?

F T asked:


i recently found out that i have some debt out there to b paid does anyone know of a credit consolidation place that i can make the payments to; because the company itself went out of business completely, its not credit card debt either because i call all the places on tv and their like no sir u have to have credit card debt. so somebody please help me

sammycolt asked:


My credit is not that good its actually poor. I am only $20,000 in debt but would like to consolidate both my credit cards and car payment. I would like to have a reputable company and one that creditable also. Thank you

Matt1980 asked:


I have a lot of debt and a terrible credit score. $15k on auto loan. $12k on visa in consolidation. An additional $3.5k on another visa account. My auto loan has a high interest rate and my visa aren’t very good either. What bill should I pay off in full to best help my credit score.

sharonvania asked:


I’M REALLY BOGGED DOWN IN CREDIT CARDS RIGHT NOW. I MEAN, MY OVERALL DEBT COULD BE MUCH WORSE COMPARED TO OTHER STORIES I’VE HEARD, HOWEVER, I’M DOWN TO MAKING MINIMUM PAYMENTS ON ALL MY CARDS (5 CARDS) BECAUSE I JUST DON’T MAKE ENOUGH MONEY TO PAY MORE. YEAH, I KNOW….IT’S STUPID TO HAVE ENDED UP WITH THAT MANY IN THE FIRST PLACE. BELIEVE ME! SUCH A LESSON LEARNED! I AM ACTUALLY BEHIND ON A FEW OF THEM BECAUSE OF CAR TROUBLE, AND THE FEE’S ARE KILLING ME! I’M WORKING ON INCREASING MY INCOME, BUT I NEED MORE MONTHLY BREATHING ROOM ASAP! I HEAR ADVERTISEMENTS FOR CONSUMER CREDIT CONSOLIDATION ALL THE TIME. IS IT WORTH IT? ALSO, ONCE YOU CONSOLIDATE, ARE THE CARDS VOID?