www.Savedme.com 800-728-3363 800-SAVEDME. Bankruptcy Attorney Jamie Ryke from the Law Offices of www.FreeBankruptcyEvaluation.com talks about the Truth about Bankruptcy. You can speak to him directly.If you owe more than what your house is worth and you have a second mortgage this video is you
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Question by : Is debt consolidation a good choice for me?
I am up to my eyeballs my husband and I got laid off so we have been putting our expenses on credit cards, I have good credit and do not want to sacrifice my credit score but I need help I am getting overwhelmed. Is debt consolidation a good choice? How does it work?
Best answer:
Answer by Judy
There are other choices such as:
The government approved non-profit out there to help you.
National Foundation for consumer credit councelling
NFCC.org
They will help you at no cost.
Go to the site – call their 800 number and make an appointment.
Reviews call them angels from above.
They call your creditors, and work out a deal with them (if possible), to reduce rates, settle, negotiate smaller payments, – they’ll try anything.
Debt consolidation is not a good choice and most require some sort of collateral.
Also MAKE SURE to run and run away fast from any company that has or breathes the name negotiation or settlement.
They are out there to make money FROM you – not to help you.
They will allow your bills to go upaid – this ruins credit.
Ask here how debt companies work – lots to explain, but people end up in court anyway.
While the managers bought thier wifes new BMW’s with your money.
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