There are several trusted and reputable debt consolidation companies, however you should research and compare each one. I have listed a resource where you can find 3 of them reviewed.

The credit card companies have really started punishing people who are struggling in this crazy economy. Debt consolidation is not the answer, Debt Settlement is. This process will get you completely out of debt in 12 to 36 months for about half of what you are paying in minimum payments now. Email me
and I’ll answer any questions you may have.

Rod

$277.86 GONE! CONSUMER WARNING! “EXCESSIVE FEES” SHARE BALANCE DORMANCY FEE‬‎ – ‎This is a fee on SAVINGS accounts!

It appears that Central Credit Union of Florida has found a way to completely turn fees into a BONANZA for Central Credit Union of Florida.

Just google “CREDIT UNION dormancy FEES

I think Capital One is worst than Chase. Capital One changed their rate after few months that they offered low interest rate.

None. Do the job yourself. The best credibility is to address your creditors first hand to negotiate, as you did when you signed the contract and applications. Most are a scam anyway and quite a few have the FTC and Attorney Generals offices from state to state investigating their scams. They take the money from you, set out a fictional financial plan or goal and house the money without addressing any creditors, or just send a Cease and Desist template that you sign to your creditors, THAT’S IT…that isn’t negotiating on your behalf, that is highway robbery.

IYAYAYAYAYAYAYA

Consumer Credit Counseling is a non-profit and has been assisting people with credit issues for years.

How it will reflect on your credit report depends on the creditor. Consumer Credit Counseling can also negotiate on your behalf regarding what the creditors report.

Please do not consolidate. It is not free, they will lower your payments by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. Student loans are the only debt that can garnish your wages for non payment without taking you to court first. Just list them out on a piece of paper or a spreadsheet and follow the plan. If you work the plan, the plan will work for you.

A. Have a garage sale and sell anything that you no longer need or want.

B.Get a temporary part time job, if you have one, get another.

Here is a plan that can help you. If you work the plan, the plan will work for you:
1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an “emergency fund” category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don’t even have to worry about it. You must cut your spending and live on less than you make.

2.First get current on all of you debts and make no more late payments. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.

3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three payments towards card #3 and that one will be paid off pretty quickly. As an example:

To start :
Debt #1 (highest interest): minimum payment+ extra payment
Debt #2 (middle interest): minimum payment
Debt #3(lowest interest): minimum payment

Debt #1: paid off
Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment
Debt #3: minimum payment

Debt #1: paid off
Debt #2: paid off
Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.

That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late payments. This works no matter how many different debts you may have.

4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.

5a. When you have your emergency fund in place, add a category for “fun” to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.

5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.

5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.

You can do it and it isn’t as hard as you think. Just follow the plan.

@roycpc464If you use credit cards like cash and you get paid for it . why not use em

@ndm707 you obviously have never delt with citibank.. also known as sh—-tybank