I am trying to consolidate my credit card debt without being a homeowner, what are my options ?

I owe about 11,000. My FICO score is good and none of my bills are delinquent. I want to maintain my FICO score as best I can while consolidating my bills to reduce interest and pay down faster. I cannot qualify for a personal loan due to my credit to debt ratio, and not being a homeowner. Is consumer credit consolidation better than debt settlement ?

I am trying to consolidate my credit card debt without being a homeowner, what are my options ?
The damage done by time will stay there, unless you allow a professional to take over.


Some people think that they can wait for 6-7 years and the debts will wiped off.This is not always a good thing.


The industry will be regulated again for settlements, making it harder to dissolve.


A debt counselor can assess your income, and look at your budget to determine how much you can afford to put towards the debt, while they can handle the creditors for you.


Once the program is set up, just keep making those payments, and get an updated credit report to make sure that these debts are being noted as being resolved.


I racked up $50,000 in debts and a friend recommended Real-Estate-Yogi.com. They have at least 2-3 different options for you.I was able to chop away at the debt and rebuild my credit score.


http://www.real-estate-yogi.com


866 964-9644
Reply:You can visit http://www.cashguru.info and find very useful tips and several articles on debt consolidation. Report Abuse

Reply:You can definitely qualify for a loan on Prosper. Go with a good group and try the Heroes Group at www.bmz.com.








Good Luck!
Reply: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. Take a good hard look at all the options and plans offered, and don't let a simgle 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.





There's information and listings for debt consolidation providers on the page listed below. You'll find something of use there:





http://axalda.info/debt-consolidation.ht...
Reply:You can't always trust that a debt settlement will be agreed upon between the parties involved. You should not have much trouble finding a company that will consolidate your credit cards. Do a search for: "credit card consolidation" and you should get a few to choose from. Plus, you can have the option to pay in extra some months to get the process completed sooner.
Reply:start by calling your credit card companies and trying to get a better interest rate on your cards or try for a smaller personal loan and pay of the higher cards first
Reply:The most popular solutions to the problem of heavy debt burden is to get a debt settlement or file for bankruptcy. Among these two debt settlement is preferred as it has a relatively less impact on credit report. In this article we assess the benefits and drawbacks of debt settlement.





Debt settlement is a process in which an organization will go to your lenders and negotiate with them regarding your debt. The purpose of the whole exercise is to reduce your debt burden. If a settlement company is good it can get your debt reduced by as much as 50%. This is what a creditor needs and this is the most visible benefit of debt settlement. The amount of the debt is reduced, the repayment plan is made easy and often the monthly installments are spread over a long period. This makes life a lot more easier for the borrower.





However, debt settlement is not without its drawbacks. There are two things to worry about. First, is the cost of debt settlement. Debt settlement companies will charge huge amounts for their services. The usual range is between 10-15% of the debt amount. Paying this much amount upfront can turn your financial situation from bad to worse. Read more from: http://www.credit-card-gallery.com/credi...
Reply:Get your interest rates significantly reduced and many times even eliminated


Get late and overlimit fees waived in most cases as well.


Enable you to send in one low monthly payment


Get you out of debt in literally 1/5th the time it might ordinarily take!


Get your credit back on track