Comments on: Bank loan or debt consolidation program for credit card payoff? http://creditdebtreview.com/216/ Credit and Debt News and Reviews Tue, 30 Dec 2008 16:39:40 -0600 http://wordpress.org/?v=abc hourly 1 By: dakeen forx http://creditdebtreview.com/216/comment-page-1/#comment-199 dakeen forx Sat, 13 Dec 2008 08:07:36 +0000 http://creditdebtreview.com/216/#comment-199 If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt. Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder. A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn't undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder. Read more from: If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can’t be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt.

Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.

A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn’t undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder.
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]]> By: Steve R http://creditdebtreview.com/216/comment-page-1/#comment-198 Steve R Wed, 10 Dec 2008 05:22:46 +0000 http://creditdebtreview.com/216/#comment-198 A bank loan will require some form of collateral, like a house. If you can't pay the loan, you lose the house. Debt consolidation will trash your credit score. You are better off negotiating with each credit card. Mention to them that you may have to declare bankruptcy due to the high rate and could they lower the rate. In most cases, they would do that. A bank loan will require some form of collateral, like a house. If you can’t pay the loan, you lose the house.
Debt consolidation will trash your credit score.

You are better off negotiating with each credit card. Mention to them that you may have to declare bankruptcy due to the high rate and could they lower the rate. In most cases, they would do that.

]]> By: CanadianDots.ca http://creditdebtreview.com/216/comment-page-1/#comment-197 CanadianDots.ca Tue, 09 Dec 2008 18:59:38 +0000 http://creditdebtreview.com/216/#comment-197 A consolidation loan is the ideal solution based on info provided. The interest rate will be lower than credit cards are charging, the minimum monthly payment would be less and you could probably double up on the monthly payments in order to reduce the effective rate and settle the debt quicker. A consolidation loan will not hurt your credit rating. If you do not qualify for a full consolidation go for as much as possible and resolve outstanding high rate cc debt as soon as possible. Debt consolidation programs are often registered on your credit report and should not be used unless you can not resolve the problem on your own. Entering into a debt consolidation program should be a last resort. A consolidation loan is the ideal solution based on info provided. The interest rate will be lower than credit cards are charging, the minimum monthly payment would be less and you could probably double up on the monthly payments in order to reduce the effective rate and settle the debt quicker.
A consolidation loan will not hurt your credit rating.
If you do not qualify for a full consolidation go for as much as possible and resolve outstanding high rate cc debt as soon as possible.

Debt consolidation programs are often registered on your credit report and should not be used unless you can not resolve the problem on your own. Entering into a debt consolidation program should be a last resort.

]]> By: gregory_dittman http://creditdebtreview.com/216/comment-page-1/#comment-196 gregory_dittman Tue, 09 Dec 2008 02:34:29 +0000 http://creditdebtreview.com/216/#comment-196 They may be the same thing. First look at the fine print on your credit card. Some credit cards will have a penalty of paying to much to soon. If that's not there, then you probably want a bank loan. Again, you might have a penalty of payng the bank back too soon. The bank may loan you money for less than a debt consolidaton company. If you can't get a bank loan, then you could alway try a debt consolidation company. They may be the same thing.
First look at the fine print on your credit card. Some credit cards will have a penalty of paying to much to soon.
If that’s not there, then you probably want a bank loan. Again, you might have a penalty of payng the bank back too soon. The bank may loan you money for less than a debt consolidaton company.

If you can’t get a bank loan, then you could alway try a debt consolidation company.

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