Archive for September, 2008

Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

Tyff asked: I’m on a debt consolidation program and I pay the amount that I was qualified for. I’ve been with the program for a lil over a year and my credit score went up +30 points. Would it be better if I keep paying as I am or pay it off asap b/c I [...]

Is it futile to search for lenders that do “true” Debt Consolidation LOANS?

redheadedstepchild asked: I have been searching for almost two months to no avail. Are there no legitimate lenders that perform Debt Consolidation Loans? I am not looking for a Home Equity Loan, I mean a loan to “replace” my high interest loans and credit cards with one affordable monthly payment?

Has anybody had any luck with debt consolidation through one of those companies?

silverblack12345 asked: Im about 10 grand in the hole! I have been missing payments to credit cards lately, and have medical bills that I haven’t even considered paying. I just make sure I keep my rent, and my care note payments up to date.
I hear these advertisments all the time for debt consolidation [...]