Debts Consolidation

Where can I find reputable debt consolidation programs?

I am wondering where to find a trustworthy list of reputable debt-relief/debt-settlement or consolidation programs. I also need to know where to find a comprehensive list of ALL of my debts (not just the ones appearing on the credit report).
Thanks.

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. There is a better way.

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. The holidays are coming and there will be plenty of temporary jobs available. It is better to have a no fun year or two than a no fun decade.

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:Mimimum 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.

Debt Advice – CuraDebt | Debt Relief, Debt Consolidation, IRS Tax [ FREE Consultation ]

Debt Consolidation Company

What is the best non profit debt consolidation company to use?

I have a friend who needs help and I want to make sure he gets the best company to help him. Thanks!

The best one I know of is Consumer Credit Counseling Services. You can reach them at 1-800-388-2227.

They are the largest and oldest non profit credit counseling service in the Country.

Dragonborn Debt Consolidation (Skyrim prank call)

Defaulted Student Loans

is there any help for canadian defaulted student loans?

i have a defaulted canadian student loan. and no one seems to be able to help, or knows where to find help. i can not be the only one. where to you go when your in this situation

you have to pay it plain and simple, its law that default or bankruptcy wont let you off the hook from student loans anymore…. what kind of help are you expecting? get a job and start making payments

Learn Why Student Loan Default Is Not a Viable Option

Federal Plus Loan

Applying for a Federal Parent Plus Loan.?

So I am going to a College in New Jersey and would like to know a little bit more about applying for a federal parent plus loan. Do I have to inform my school first? Or do I just apply for myself. I was told to go to the financial aid office for a form first. Is this true?

You need to do a fafsa at http://fafsa.ed.gov if you have not done so already. When you do, you need to list your college and indicate on the fafsa that your parents are interested in a parent PLUS loan. If you have already done your fafsa, then you simply need to go to your schools fin aid office and let them know your parents are willing to borrow for you (and make payments on THEIR loan) immediatly and they will tell you the next steps they need to take to take out this loan for you.

Word of advise, parent PLUS loans require your folks to start repaying on that loan immedialty, Also, if you are attending a school that is so expensive you need them to borrow for you, then they need to know they will be borrowing for you ALL FOUR YEARS and by the time you graduate will have 4 loans (with 4 payments) or you’ll end up a drop out. Be sure they know that… the amount you are able to borrow in stafford loans doesn’t go up that much every year.

What is a Federal Direct PLUS Loan?

How To Get A Debt Consolidation Loan With Bad Credit

Overdraft debt problems!!!how do I pay it back? ?

I have an authorised overdraft of £1000 with my bank and have stupidly spent it all. Every month they take the charges of what I have used and it therefore leaves me with no money to live on. I am in a complete mess and cannot even get a consolidation loan to help me as my credit rating is bad. I am aware that this situation is completely my fault but would really appreciate some advice to help me get out of this situation. Thank you.

Step 1: Get a sheet of paper and an pen.
Step 2: Write you income at the top of the page.
Step 3: List EVERYTHING you will do with money below and keep a running total of what you have spent.
Step 4: Cut EVERYTHING on your list to the bare minimum.
Step 5: Find a way to increase your income.

Without any numbers to work with, budgeting 101 is the only available answer.

Pointers for Landing a Bad Credit Debt Consolidation Loan