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I have roughly about 8000 in debt mainly student aid and a credit card and several other small items. How bad is debt consolidation on your credit score. I believe I’m around 560 for a score. Or is there anything else I can do?? (other than the obvious which is paying it off right away…)

6 Thoughts on Best debt consolidation???
  1. Reply
    July 22, 2011 at 8:33 am

    Debit consolidation could be a solution at first but, right after you will encounter that door are close at the moment you want to buy a car, or any other thing that requieres CREDIT, debit consolidaton takes at 3 years minimun to clear you Credit. I know that by first hand. It will stay in your credit records and no Bank will want to deal with you. This is a mafia, the bank consolidates but at the end of the day they will refuse your application for credit.

  2. Reply
    Tom B
    July 22, 2011 at 8:35 am

    Sorry to hear it. I can’t directly recommend anyone for you, but I can tell you about an excellent articles site at
    You should check out the categories covering ‘Debt consolidation’, ‘Debt Relief’ and ‘Loans’.
    It’s got lots of extremely good advice.
    Hope you get out from under your dark cloud soon 🙂

  3. Reply
    Gillian G
    July 22, 2011 at 8:42 am

    If at all possible, go to your bank. They may be willing to give you a loan which means that you can pay your debt off with one automatic payment a month. I did this and I was amazed that they said ‘yes’!

    Of course, this doesn’t make the debt go away, you’ve still got to pay it back. The smart thing to do is get a grip on your finances, don’t get into any more debt, and aim to pay the bank back quicker than they want you to.

    If the bank isn’t an option, then there’s a website here with lots of information, pros and cons of debt consolidation. If you go down this route it really does pay you to do your own research and shop around.

    Good luck!

  4. Reply
    Kayla G.`
    July 22, 2011 at 9:00 am
    -Here’s a site that can help you fix your credit in a simple, easy, and most importantly free form. Taking 5 minutes to fill out this form could save you hundreds of dollars. It helped me personally get away from my bad credit; I highly recommend it.

  5. Reply
    July 22, 2011 at 9:18 am

    Debt Consolidation is a process. I have included two articles in my resource box you might want to check it out. Good luck!

  6. Reply
    gabriel s
    July 22, 2011 at 10:10 am

    Bad credit is one of the worst problems to have… however there exists a solution.

    I will hereby talk from my personal experience.

    I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
    if someone wants to get out of debt today it 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 astraight to the point ebook with question and answer I found :

    if it helps kindly remember me in your voting!.. cheers!

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