anyone ever use one of those debt managment credit things

[fatboyracing 10+ year member]

like it says anyone done this

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[fbi90909 5,000+ posts]

how bad in debt are you?

 

[fatboyracing 10+ year member]

on credit cards like 5 grand Had a dog get real sick had to do it

 

[fbi90909 5,000+ posts]

on credit cards like 5 grand Had a dog get real sick had to do it

how many credit cards?

what other debts do you have?(bills)

 

[edzy 10+ year member]

it works like this.

You give them your pay check, and they pay your bills on time. They give you what is left over, after they take thier cut as well.

They sometimes can get the CC co. to lower the interest rate so you can pay it off faster.

I cant stress this enough...Use a reputable service recommended by the state or gov.

There are a lot of start ups looking to make a fast buck from your misfortune.

Personaly, I would call the CC companies and try to work something out yourself, and pay the highest interest rate ones first.

Some will even give you a grace period to catch up or lower the payments or extend the terms.

 

[fatboyracing 10+ year member]

ya I am not late I just hate seeing it never go anywhere I hate being in debt

I might call and see if they will lower the % rate

 

[edzy 10+ year member]

wow, 5 k for a dog?

My dog was ill or something. They wanted 2.5k to do an MRI... I went with the $25 persciption pain meds for him till he recovered.

 

[fbi90909 5,000+ posts]

wow, 5 k for a dog?
My dog was ill or something. They wanted 2.5k to do an MRI... I went with the $25 persciption pain meds for him till he recovered.

should have just saved yourself the 25 dollars and snapped his neck.

 

[fatboyracing 10+ year member]

he had cancer

 

[wj94 10+ year member]

Is it that hard to pay off $5k? Debt consolidation = scam

 

[newusername 10+ year member]

How much do you (and any other bill payers) make per month and how much are your monthly bills?

It is hard to tell if you need something like this without knowing more about you. Yes, they can be very helpful if you're in credit trouble, but $5000 in cc debt isn't that bad....unless you have other debts you're working on also. If you find that you really are in trouble, then going to a reputable debt management organization will be worth it for you. The only problem is you lose complete control over your cheque, but the savings can be worth it...especially if you don't foresee yourself taking care of it alone.

Debt consolidation = scam

Debt consolidation is not a scam at all.

 

[wj94 10+ year member]

Yes it is a scam. There is nothing a debt consolidation company can do that you can't do yourself.

 

[newusername 10+ year member]

You can consolidate your debts without a company. If you said "paying a company to consolidate your debts" is a scam, you would be right. But debt consolidation itself is not a scam. And as far as debt management goes, some people really do need the assistance.

 

[edzy 10+ year member]

should have just saved yourself the 25 dollars and snapped his neck.

Well, I could have gotten the needle for him and saved a tenner.

Or maybe you could have come by and set him on fire.

 

[937DYTBOI 5,000+ posts]

i consolidated, i think thats the best thing ive done with my credit so far it has really saved me not sure if thats the same thing as debt management. Only problem ive had with my consolidation company was when they switched their system over and my payments were late once and my creditors were threatening to drop me from consolidating