not so good, and if you can it will be at a very bad interest rate. Debt consolidationloans are not freely given by banks because they are taking on debt from other institutions and if you are already struggling they don't want to struggle with you, so to speak.
Well, it's worth a shot. I'm a loan officer, so when you say bad credit obviously I assume the worst. I'd start with places like Household and American General, although really, depending on your situation, CCCS might be better for you.
does CCCS have credit requirements that you have to meet in order for them to work with you? 'cause I am fixing years of terrible awful financial mistakes on my part and my credit is in the absolute toilet, and CCCS was sort of were I hoped to head. ugh mannnn.
oh god GLADLY will I do that! I have already gone cold turkey and am working hard now to pay off the ones I am able to...my prob is that I have a few accounts that went into collections a year ago when I was going through this whole crappy thing that I won't get into, but they'll help me with those right? I scoured their website but I couldn't really tell... also thanks for the info!
Well, i'm actually speaking from a former collections agents side - i've never dealt with them personally but i've talked to lots who have and have done the creditor side of it. So, I THINK they will help you with collections as well. If nothing else, they can give you some advice on how to handle it if they cant' add it into the debt structure for you. Only go with CCCS though, the rest of them are hit and miss and there are a lot of shady ones.
Money Management International (which runs cccs) also has an online option - you don't even have to talk to a person, you can do it all over live chat. I liked that option because I'm sort of embarrassed by my situation.
Oh, I totally understand. Calling them up and explaining why I haven't paid them for two months is the freaking worst! Sometimes I get someone really nice and understanding, but more often than not I don't. The absolute WORST was when one of my creditors started calling my parents. I could have died.
!!! they called yr parents? oh my god that's terrible! I'm basically estranged from my family, but my boyfriend doesn't know how bad things have gotten for me financially and I feel really really guilty for not telling him but I just CAN'T. He's a freaking finance major! He'll think I'm an idiot.
I was the same way with my fiance. Then I was unexpectedly hospitalized and he and my mother found out about everything when creditors started calling my cell phone and then they found the bills I had sort of hidden. He almost called off the wedding.
We're fine now, but it would have been SO much better if I had told him.
oh man I am so sorry to hear that! I know I should clue him in but...I mean he knows I have been really financially irresponsible and that my credit SUCKS, he just doesn't know how bad it is. I am just so afraid he'll think I'm really horribly lame and I keep hoping I can fix everything on my own before anyone has to know.
CCCS will help you with collections. The calls stopped almost immediately after I got on with them. And it was really encouraging to see how quickly the balance went down, and how much money I had after they'd helped me prepare and execute a budget.
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also thanks for the info!
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I'm basically estranged from my family, but my boyfriend doesn't know how bad things have gotten for me financially and I feel really really guilty for not telling him but I just CAN'T. He's a freaking finance major! He'll think I'm an idiot.
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We're fine now, but it would have been SO much better if I had told him.
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