Debt Consolidation Program

It's impossible to avoid all the offers for debt consolidation programs in our culture today. That's because many families are in serious financial trouble, some with higher debt and lower income than they ever imagined. Pie-in-the-sky promises from debt consolidation programs lure many people in to paying high "set-up" or upfront fees and realizing very little, if any, benefit. Many debt consolidation programs are merely scams, since few credit card companies are likely to offer lower interest rates or monthly payments to any of their cardholders unless they believe they will not get their money back in any other way. Thoroughly investigate the program you're considering. Get all of their policies in writing, especially their fee schedule. If they're not willing to provide that, they're not the program for you. If you are in serious debt trouble, you may be better off consulting an attorney and considering bankruptcy. Non-profit credit counseling services may be able to provide the interim help you need without charging exorbitant fees in the process.

Fast Facts

  • As many as 15% of Americans have made at least one late credit card payment in the last 12 months.
  • In addition, more Americans (up to 8%) have missed at least one payment in the last year.
  • Most Americans are paying their bills on time, with just 30% ever having a loan or credit card payment as much as 60 days past due.

debt consolidation program - Lawyers, Articles and Q&A

Search Results for "debt consolidation program"

Articles

Results 1-5 of 38 for "debt consolidation program"

  • Debt Consolidation vs. Debt Settlement

    A debt consolidation loan allows you to combine multiple debts into a single loan, usually with a single, fixe...
    • Site: debtsettlementlawyers.com
    • 2 of 3 user(s) found this useful
  • Debt Consolidation vs. Bankruptcy. Usually No Contest

    We have all seen the commercials... eradicate or settle your debt for pennies on the dollar! Sounds like a gre...
    • Site: filingforbankruptcyonline.com
    • 2 of 3 user(s) found this useful
  • What Debt Consolidation Means for Creditors

    The effect of your debt consolidation on your creditors can vary.  Depending on your situation, and the type o...
    • Site: debtsettlementlawyers.com
  • Does Debt Consolidation Work?

    A debt consolidation is a loan program that allows you to consolidate, or put together, multiple loans or debt...
    • Site: debtsettlementlawyers.com
    • 1 of 1 user(s) found this useful
  • Unsecured Debt Settlement Consolidation Loans

    There are a number of different options available to you as a consumer with credit card debt who is seeking de...
    • Site: debtsettlementlawyers.com

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Results 1-5 of 7 for "debt consolidation program"

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