Debt consolidation will leave you with a huge debt ratio, and close all your credit cards?
Monkeybear Vancougle asked: When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also [...]
Debt consolidation will leave you with a huge debt ratio, and close all your credit cards?
Flyerfan asked: When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to [...]
do debt consolidations work?
ann_nuhgee asked: I have gotten a little bit of debt from credit cards that have gone into collections. I want to get these taken care of so I can begin repairing my credit and I don’t want to file for bankruptcy. Do debt consolidators work? If so how do they work? Do they charge a [...]
Student looking to get out of credit card debt?
pjwebb11 asked: I am a student looking to get out of credit card debt. Between two cards I owe about $15,000, basically from spending about 2 years w/ shaky employment and reckless youthful spending.
Right now I am working steadily at a job I love, albeit low paying and not enough hours to make a good [...]
Can I get a debt consolidation loan with bad credit?
mrbearpro asked: I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills, etc
I have student loans, but I would like to consolidate them separatley and not through another loan.
Also, I have an auto loan, would the loan be able to cover that as well?
Please, [...]