credit repair debt consolidation
Debt Consolidation Advice! Please Help.?
I am in debt by quite a considerable amount and would like to possibly consolidate my debts so that I can afford to pay them off better and also to be able to just pay one monthly payment.
I dont know much about all this and was wondering if I do this will the company actually pay off my debts so that my credit score will be getting repaired why I am paying the consolidation company monthly?
I dont want to go ahead with it if it is not going to make my credit score get any better or go back to how it should be.
Any advice or help would be appreciated.
Thanks in advance!!
Hi – I’m in the same boat and it’s not nice at all.
However, I’ve got in touch with a company called PayPlan who have helped me endlessly with dealing with my debt. Firstly, they take all your details and find out how much you can afford to pay each month. Then, they write to your creditors asking them to freeze all interest and to accept a percetage of what you can afford to pay towards the debt. Every now and then they review the arrangement but it does work and you do end up getting your debts paid.
This way you won’t need to borrow any more money or add more interest. Also, pay www.moneysavingexpert.co.uk a visit and see what he has on his site – it’s helped me no end.
Good luck.
