|
You Deserve More Than an Ordinary Vacation.
Travel with Miami Beach 411 Today!
The Miami Beach 411 Travel Store is Open 24/7.
2 Comments on"10 Facts You Should Know About Your Credit"
|
Like what you see? Let's talk about how
we can help your vacation --> Contact Us |
|
Like what you see? Let's talk about
how we can help your vacation
--> Contact Us
how we can help your vacation
--> Contact Us
Toronto says:
The first thing to understand is that credit counseling and debt consolidation is not the same thing. Credit counseling involves a debt counselor working with you to assist you in making a budget so that you can pay off your debt, whereas debt consolidation involves the payment of a bulk amount of money each month allowing the company to issue payments to your creditors. You have to be careful that the company you choose is not attempting to negotiate a settlement by holding onto your payments for an unreasonable amount of time in order to coerce your creditor into settling for pennies on the dollar. Though debt consolidation may assist you in getting your finances under control, a settlement will hurt your credit, so you need to avoid that at all costs.Do not let a debt consolidation company convince you that they can negotiate a lower payment plan than other companies because this just isn’t possible. The creditors have set programs for those who enter into debt consolidation programs, and only under extenuating circumstances are those programs open to negotiation. Don’t be fooled by the claims that you will save over half on your payments because except for payments that might be past due and showing as a minimum payment due, that just isn’t going to happen.
Posted on 01/17/2009 at 4:54 AM