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From the situation you have eenxlpaid, it doesn't sound like you are going to have a shot at qualifying for a consolidation loan and it wouldn't really work to your advantage. I am not being negative I am being honest. Whether you owe $1,000, $5,000, or $25,000 to one company or to 3, it's still debt to income ratio that is going to come into play along with your credit scores in determining your credit worthiness. That is good that you have paid the bills that you have (even in collection status) rather than filing bankruptcy but you still have negatives on your credit that will be there for 6 years. The good news is that you are still young. Two suggestions: (a) check out a Consumer Credit Counseling agency that is truly non-profit; and (b) look at ways to reduce your spending and/or increase your income. Please learn from the mistakes you've already made before making new ones. Write for copies of your credit reports (Experian, Equifax, and TransUnion) and update them on the cards that you have paid off once you receive the copies from all three. Time will erase the negatives but you need to replace them with positives so keep on top of the remaining bills with prompt payments, even an extra $5-10 if and when you can. But, the consolidation won't do much for you at this point in time. A legitimate Consumer Credit Counseling agency may be able to help you make lower payments than you are making now and reduce your interest providing your budget can make those monthly payments and you will be debt free in 2-4 years.
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(VISITOR) AUTHOR'S NAME
Lomesh
MESSAGE TIMESTAMP
17 december 2014, 06:00:12
AUTHOR'S IP LOGGED
109.193.175.35
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