Debt Consolidation can Ruin Your Credit

Yes, Debt Cosolidation isn't a good idea and I'll tell you why. I've done research of my own and found out some disturbing information.

You've seen those long drawn out commercials full of promises to get you ouy of debt. They use words like "non-profit" and "conseling". To get you suckered in, then they got you. You call and you have 5 bills that are overdue. Remember the words "non-profit", okay now they want you to give them the account numbers and creditor names that you owe the balances. You do that and here comes the fees!

Didn't they say non-profit? Yeah right! They may charge 5.00 per account or a flat rate of 39.95 a month. Thats $480 a year, don't forget that they draw your payments out as long as possible. I mean were do you think these "non-profit" companies get their funding from?

Your looking at $1440.00 in three years. To add to that the consolidators even earn about a 10-15% commision from the creditors. You thought they were on your side...Not! That's not all, when the consolidators call your creditors they close your account. Not do you think your credit score will go up or down? Down more than likely. They also only negotiate the interest you owe not the actual balance. Debt consolidation in my opinion is a "RIP OFF".

You can do better doing it youself. You can and will if you visit http://jensgirlsonly.com/creditsecrets4you/home.htm. Sign up a FREE newsletter to get more credit help, tips and secrets like this one.

Jen at Credit secrets for you Website:http://jensgirlsonly.com/creditsecrets4yo u/home.htm

---

Debt Consolidation Primer ? Four Things You Can Do to Get Out of Debt

Problem debt is rampant throughout America. In addition to mortgages... Read More

Debt Consolidation Loan and Consolidation Loans

Debt consolidation loan services act as a third party intermediary... Read More

Debt Consolidation Service In Birmingham

Jane was a fun loving girl from Birmingham, you could... Read More

The Pros and Cons of Debt Consolidation Loans

You are swimming in debt. You have 4 credit cards... Read More

Online Debt Consolidation ? Devising Newer Ways for Changing Consumer Trends

Consumers today are getting wiser by the day. They are... Read More

What is the Difference Between Unsecured and Secured Debt?

A secured debt is a debt in which the creditor... Read More

Student Loan Consolidation

Student loan consolidation is one of the most used methods... Read More

Money Problems?

You're not alone. Many people face a financial crisis some... Read More

Debt Consolidation Confusion

Learning about debt consolidation can be quite a confusing venture... Read More

Re-Mortgages ? There?s Help For Bad Credit Ratings On The Way

As any report on the subject will reveal, million of... Read More

Avoid Bankruptcy

The first but definitely not the easiest thought that comes... Read More

Going Debt Consolidation Way!

We are aware of the fact that it is easy... Read More

What Your Mama Never Told You About Debt Consolidation Services

When someone is extremely deep in debt, and he or... Read More

Open the Cash Vault Inside Your Home

Believe it or not, many people do not understand equity... Read More

What Is A Debt Consolidation Program?

Debt consolidation programs are devised to get you out of... Read More

Debt consolidation ? More Options for Reducing Credit Card Costs

Borrowing money against your credit cards has always been among... Read More

Debt Consolidation ? Consolidate Your Student Loans Now!

The Federal student loan program has benefited thousands of college... Read More

Is There Something Called a Bad Credit Credit Card?

Is there something out there called a bad credit credit... Read More

Credit Card Blues

For the average American family, debt, and especially credit card... Read More

Debt Consolidation ? How to Protect Your Credit Accounts from Theft

Last week, a security exploit at CardSystems Solutions, Inc, a... Read More

Debt Consolidation: Why And How This Strategy Often Backfires!

Debt consolidation solutions, has found that as good as it... Read More

Consolidate Debt to Help Get You Out of the Quagmire

Will you agree with me if I tell you that,... Read More

Planning To Become Debt Free With A Consolidation Loan

If you have multiple debts, and are struggling to meet... Read More

Debt Consolidation for Homeowners: Saving Grace for Inept Borrowers

You cannot understand the importance of being a homeowner until... Read More

Debt and Bill Consolidation - Signs You Need To Consolidate Your Debt

If your debt is becoming difficult to get on top... Read More