« previous next »
Pages: [1]   Go Down

Author Topic: Has anyone tried those debt solutions places?  (Read 565 times)

0 Members and 1 Guest are viewing this topic.

Offline Burke

  • Hot Shot
  • ***
  • Posts: 469
Has anyone tried those debt solutions places?
« on: June 25, 2009, 12:13:00 PM »
If so, How do they work.

I have done the income vs. outgoing bill math and...it's not good :(.

 


Logged

Offline Bob Wessner

  • "Carbs Suck!"
  • Really Old Timer ...
  • *******
  • Posts: 10,079
Re: Has anyone tried those debt solutions places?
« Reply #1 on: June 25, 2009, 12:24:47 PM »
From what I can tell, most are little more than scams and just add their fees to your debt. Do LOTS of research before even considering them. There may be some legitimate ones out there, but they are out numbered.
Logged
We'll all be someone else's PO some day.

Offline Caaveman82

  • Zippo
  • Master
  • *****
  • Posts: 2,299
  • That'll do pig. That'll do.
Re: Has anyone tried those debt solutions places?
« Reply #2 on: June 25, 2009, 12:29:21 PM »
Quote from: Burke on June 25, 2009, 12:13:00 PM
If so, How do they work.

I have done the income vs. outgoing bill math and...it's not good :(.

 




All they are are loan companys that give you a consolidation loans with INSANE fees and percentage rates. You'd be better off consolidating everything into a loan from the bank at like 7 - 12 %. If your debt to income ratio is that bad that's probably one of your only shots at making it short of filing for bankruptcy.

I went through the same thing not long ago man, it's overwhelming but you'll make it through.
Logged
Do not act as though you could kill time without injuring eternity. - Dave Thoreau
Pages: [1]   Go Up
« previous next »