how can I consolidate my debts when I have bad credit?
My friend was asking me last night over a very emotional phone call how she could consolidate her debts before she gets married in August of 2009 and before her OSAP payments start in June 2009. I didn’t know what to tell her so I figured I would ask on here.
The debt I think is around 000.00 not including the student loan. She doesnt have good credit at all since shes had these debts for about 5 years with no payments.
you should go to http://www.cellsware.info/restorecredit and they can give you some amazing help with debt consolidation and fixing up your credit report.
There are many options available online nowadays to help you consolidate your debt. Whether you are wanting to consolidate credit card debt or other kinds of debt, it can be overwhelming searching online to find the best ones for your situation. Here is a short overview of what kind of debt services are available online. Bad credit debt consolidation help permits a person with poor credit rating, to obtain bad credit debt<!–consolidation loan so that monthly installments can be reduced. What a person has to do is ask for a free debt consolidation quote from reputed company.Do not worry, the bad credit debt consolidation loan is not another high interest problem that will eat away your resources.
http://best-loans.awardspace.com/...
Rather it is a convenient method of taking care of your debts at the present moment. After your present debts have been dealt with, the bad credit debt consolidation loan can be paid off easily. here are other companies that will help you manage your debt without having to use another loan. These companies usually charge you a fee and then–>help negotiate lower interest rates with your creditors and manage your monthly payments. There are various ways to do this and every company is different. Usually these techniques will save you money to start paying down the principle on your credit balances.
Jennie,
Your friend is lucky to have someone like you willing to help her out.
There’s a good article at eHow on steps your friend can take to begin tackling her debt. Take a look at it:
http://www.ehow.com/how_2326032_avoid-escalating-debt.html
How to Stop Escalating Debt
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-internet.html
How to make money on the internet, scam-free
Hope it helps.
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate. Icame across this company on NBC News Special Edition.Check it out here:
http://memurl.com/furetu
If she got the loans through the Federal Student Loan program then they options to consolidate them. Otherwise, there are a number of programs out there for consolidating loans… just do a google or yahoo search for "student loan consolidation"
She should be talking to her bank or financial institution about her current debt. Or she could speak to a credit counselling organization. Most urban centres have them.
With regard to her OSAP debt, she needs to get on the canlearn.ca website and do some research about her repayment options. While she is in school, as long as she has done all the proper paperwork, the government is paying the interest on any loans from previous years. The interest-free status of the loan for her current school year changes as of the first day of the month following her graduation. (so if she graduates December 10, 2008 the interest rate is not set until January 1, 2009) So if she had some money saved up, she could make a payment on her student loan before January 1, 2009 and she would be paying on her principle. Then when the interest rate is set Jan 1, she would be paying interest on a lower amount.