Comments on: Is this the way that a debt consolidation company works? They reduce the amount? http://financestate.info/is-this-the-way-that-a-debt-consolidation-company-works-they-reduce-the-amount/298/ The state of finance... In today's times. Thu, 08 Apr 2010 17:42:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jeff http://financestate.info/is-this-the-way-that-a-debt-consolidation-company-works-they-reduce-the-amount/298/comment-page-1/#comment-475 Jeff Thu, 25 Mar 2010 17:14:15 +0000 http://financestate.info/is-this-the-way-that-a-debt-consolidation-company-works-they-reduce-the-amount/298/#comment-475 Basically, that's how it works. Debt Consolidation promises to reduce your payments into one check. But they don't tell you that the one check is often just as big as all the little payments put together. Plus, if they negotiate to reduce your debt, your credit is trashed just as if you filed Chapter 13 Bankruptcy. Basically, that’s how it works.

Debt Consolidation promises to reduce your payments into one check.

But they don’t tell you that the one check is often just as big as all the little payments put together.

Plus, if they negotiate to reduce your debt, your credit is trashed just as if you filed Chapter 13 Bankruptcy.

]]> By: mrpaul http://financestate.info/is-this-the-way-that-a-debt-consolidation-company-works-they-reduce-the-amount/298/comment-page-1/#comment-474 mrpaul Tue, 23 Mar 2010 08:38:32 +0000 http://financestate.info/is-this-the-way-that-a-debt-consolidation-company-works-they-reduce-the-amount/298/#comment-474 go to or citizens advice i would never pay a company to negotiate my debts. if a company is doing this for you there will be a charge (thats why its registered as a company rather than a charity) for the service nothing ever comes for free. go to
or citizens advice
i would never pay a company to negotiate my debts. if a company is doing this for you there will be a charge (thats why its registered as a company rather than a charity) for the service nothing ever comes for free.

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