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I have several personal loans out. My monthly payments add up to about 800 a month, i only make a 1000. I’m not behind on payments but i cant keep up much longer. I cant seem to get any local banks to even listen to me. They also ping my credit report every single time i tried to get a loan so now i have even more negativity on my report. I can afford 300 a month or less to pay on a consolidation loan. Anyone know a loan company or debt consolidation company that will actually listen to me and not just look at my credit score?
I make 200 a week, thats good pay for my area. I dont have a single credit card. Never have.

9 Thoughts on I need a good debt consolidation company. Any ideas?
  1. Reply
    mel
    August 9, 2011 at 8:53 pm

    crack them credit cards, stop spending needlessly and wise up.

  2. Reply
    Lee C.
    August 9, 2011 at 9:39 pm

    I am with CareOneCredit http://www.careonecredit.com. They are a non-profit consolidation program.

    Whoever you choose research them and the effects beingi n a program could have in the future.

    I was in your situation and a bank wouldn’t even give me a second look

  3. Reply
    delicate.things
    August 9, 2011 at 10:26 pm

    Maybe it’s time to get an actual job. What do you that you make so little? Don’t you actually want to make more money then avoid the real dilemna? Even plumbers make 4 times more the amount your making. I know because my boyfriend’s one.

    Bottom line, you make sht pay. Grow up and face responsibilities.

  4. Reply
    GatorHunter®
    August 9, 2011 at 10:49 pm

    most debt consolidstors do what you can do yourself. Just call up all your loan companies, ask to speak to the supervisor, and ask if your loan amount can be reduced for a longer period of time

    example:

    you have a loan of $ 4000 at $ 400 a month for 10 months

    ask if you can reduce the payment to $ 300 a month for 14 months

  5. Reply
    Geo C
    August 9, 2011 at 11:42 pm

    You are not alone. I know people who have been through this same thing and there is no easy way out. You have three basic options: One; Find a true consolidation lender, negotiate a loan within your limited budget, stick to the program for however it takes. ( it will take years)

    Two; Find a credit counselor who can negotiate on your behalf with banks and credit card companies. This has some merit because they are experienced and have a track record with most of the major lenders.

    Three, negotiate on your own behalf. This is the most difficult but the cheapest and most educational. You will learn what scum bags they are and you will learn how to play hard ball.

    There is always the last option, bankruptcy. This option is not as easy as it used to be, because the Bush administration, in its never-ending quest to screw the poor, has made bankruptcy a lot harder. In a sense that’s good because too many irresponsible people took unfair advantage of the bankruptcy laws that protect basic constitutional freedoms. However, it is still an option, albeit a difficult and credit damning one. If you are aware of that and mention it to lenders they will try to foreclose on you quickly. So, you need a lawyer to protect you. That will cost money. Money is of course the one thing that is in short supply for you right now.

    I have seen people come through this exact same problem. It was never easy or fast. But you can make it through. although I know no other details other than what you have provided, I can suggest this; get a free consultation from a qualified legal specialist. If you can’t get one for free, get one cheap. ( $ 100 or less) Have him advise you. Follow his advise.

    In the meantime, eat at home, stay well and stay out of trouble. You do not want any extra problems on top of the ones you have now.

    No one wants to hear this but you must save every nickel. If that means reading more instead of watching cable, great. If that means eating high quality healthful food at home instead of convenient fast food or eating out, good. Stop smoking, quit drinking, do not party at all. Spend every waking moment trying to earn more money or spending none. It sounds like slavery, and that’s exactly what it is, but it is the only way out to preserve your dignity and your credit rating. remember, without credit, you will not be able to take advantage of any opportunity that ever comes along. With credit, used wisely, anything is possible.

    Good luck!

  6. Reply
    Succes
    August 10, 2011 at 12:07 am

    When going for a debt consolidation loan, you should consider some important factors. They are: cost of taking the loan, the annual percentage rate (APR), period of the loan, and the total amount borrowed. Ensure that the debt consolidation loan charges a lower interest rate than the rate for your current loans. Interest rates are usually decided by factors like loan amount, loan terms, and personal details.
    http://debt-trap.com/category/Debt-Consolidation-Loan.html

  7. Reply
    Gary H
    August 10, 2011 at 1:02 am

    Debt consolidation is an option, and you should look into it. Just be careful about WHAT you’re getting into. Some plans, because of their higher APR rates get you into more trouble than you were.

    Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.

    Take a good hard look at all the options and plans offered, and don’t let a single company pressure you into something you just can’t do. Make sure that you’re comfortable with the plan offered before you commit to it.

    In any case, it doesn’t hurt to investigate debt consolidation as an option. It doesn’t cost you anything to find out more information about it.

    If you want a place to start your investigating, there’s information and listings for debt consolidation providers on the page listed below. You’ll probably find something of use there:

    http://axalda.info/debt-consolidation.html

  8. Reply
    Abhi T
    August 10, 2011 at 2:11 am

    Just register to http://www.admad.mobi/26657-MahendraTiwari.admad this website gives money to read message on your mobile.

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