It's also important to check for any errors on your credit report, including inaccurate personal information or accounts fraudulently opened in your name. Especially if it's negatively affecting your score, dispute this information with the credit bureaus. Submitting a dispute does not affect your credit itself. But if any content in your report changes, your score could change too.
Opening a secured credit card can help raise your credit score. This type of card involves you depositing money into a checking account to secure the line of credit the lender is extending to you. Payments come directly out of this account, so you can’t miss a payment.And because you can’t miss a payment, and make all your payments on time, your credit score could improve over time.

Aside from counseling and debt management plans, credit counseling agencies also offer referrals (to charities, nonprofits and government organizations), educational materials and financial workshops. Most provide pre- and post-bankruptcy counseling and credit report reviews. Some are certified by the Department of Housing and Urban Development to conduct housing counseling to first-time homebuyers and to homeowners who want to avoid foreclosure.

Again, like anything in life, the more you do something, the better you get. Probably the biggest challenge people have in doing their own credit restoration is that they just don’t have the time to devote to learning what to do, and then doing it conscientiously and persistently, all the while keeping organized. Quite frankly, they usually feel that they have better things to do with their time.


The disputed item was investigated but verified. If the item was not removed, most likely, the credit bureaus just gave you a cryptic reason like "item verified."  We know the credit bureau never actually talked to the information furnisher, but used e-Oscar. The law states the bureaus can accept any proof you would like to submit and they will pass this documentation on to your creditor for consideration. So, be sure to send any and all documentation, if you didn't do so the first time. You should also hit them up with the method of verification technique, which is going to force them to expose the fact that they are using e-Oscar. You could also try disputing the listing again at a future time. Who knows, you may get lucky, and a different employee of the creditor may not be able to verify the item. If the account does come back as "verified," we recommend you try disputing the listing with the original creditor immediately.
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If you have equity in your house, you may be able to use a home equity loan or line of credit (HELOC) to get the cash you need to pay off your other debts. This method is popular because home equity loans and lines of credit offer low interest rates, as they use your home as collateral for the loan. But that's also where the danger lies: You risk losing your home if you default on your payments.
The most important factor when it comes to one’s credit score is their credit payment history. What this means is, are you making on-time payments, have you ever missed a payment, and are you delinquent on any payments? Putting these numbers into practice, one missed payment can impact over 35% of your entire credit score. On our website, we discuss how, in some circumstances, this can be detrimental, leading to up to 100-point credit score drops.
In addition to draining your retirement funds, you can face early withdrawal penalties if you take out money before the age of 59½ on a 401(k) or traditional IRA. The penalties for early withdrawal are 10% of the money you withdraw. In addition, you may also be required to pay taxes on the money you withdraw, since it’s considered taxable income. These penalties and taxes do not apply to a Roth IRA.
Then I followed one of CK user's advice: Dispute my derogatory marks no matter if I knew they are valid or not. If a collector fails to respond to a dispute on the 30 days of receiving your dispute letter the credit reporting agencies must delete the debt from your report by Law. So I pulled my free credit report from National Credit Report (be aware that the trial is for 7 days, so get your report and call ASAP to cancel membership otherwise they charge you 39.95 monthly). With my credit report at hand I got the addresses of all Collection agencies where my debts where. I wrote a letter and sent it to all of them via certified mail on 5/6 and sent a copy of all of them in a single certified mail to myself.
Debt management plans (DMPs): Nonprofit credit counseling organizations offer DMPs to help borrowers take control of their unsecured debts, such as credit card debts. A counselor will review your credit report, bills and finances to offer you personalized advice and act as a mediator between you and your creditors. Once an agreement is reached, you'll send the credit counselor a monthly payment that will be disbursed to your creditors. Usually, it takes around three to five years to complete the plan.
Did you know there is a difference between credit repair and credit restoration? If you attempt to repair your credit report, you will be writing letters and begging reporting agencies to remove items you believe are inaccurate. Even if you are successful in having an item removed it will be back again after the dispute period ends and the entire process must be started over. It's a waste of time!
Banks and Credit Unions.  They really aren’t interested in consolidation lending. Though they are good places to start, you should be prepared for rejection. Banks are commercial lenders and credit unions are nonprofits that usually focus on small communities of people. Both are regulated and must comply with strict rules in deciding to whom they’ll lend money. For that reason, they use risk-based lending models that charge higher interest to risky borrowers. The lower your credit score, the more interest you’ll pay, and the smaller the amount you will be allowed to borrow.
Most reputable credit counselors are non-profit and offer services at local offices, online, or on the phone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate non-profit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.

Debt Repayment Program – when someone doesn’t qualify for a debt consolidation loan and is struggling to make their minimum payments, a debt repayment program such as a Debt Management Program or a Consumer Proposal may be an option. These repayment plans eliminate interest, consolidate debt payments into one affordable monthly payment, and ensure you are debt free within 5 years. There are other pros and cons to programs like these and are only appropriate for certain financial situations. To learn more about them or see if one of them would be appropriate for your situation, speak with a non-profit Credit Counsellor.


Good credit can make many of life's financial situations easier and less costly. For example, with good credit, you can get approved for a mortgage or auto loan, and possibly qualify for the best available interest rates and terms. A good credit score can also affect how much you pay for insurance, and whether a utility company asks for little or no deposit before starting a service for you.

This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. This article has been viewed 61,056 times.
Ultimately, you should take responsibility for your own debt. You can do this by setting up a budget, limiting your spending and following your debt payment plan. You will save money doing the work yourself and you will change your spending habits, which means that you will change your financial outlook. Since you are making sacrifices the changes are more likely to stick than with a quick fix solution. It is also important to realize you are not responsible for paying off your parents' debts unless you cosigned with them on the loan. Make sure you do not cosign as you get out of debt. 
Debt settlement is a practice that allows you to pay a lump sum that’s typically less than the amount you owe to resolve, or “settle,” your debt. It’s a service that’s typically offered by third-party companies that claim to reduce your debt by negotiating a settlement with your creditor. Paying off a debt for less than you owe may sound great at first, but debt settlement can be risky, potentially impacting your credit scores or even costing you more money.
No homeowner should have to make the choice between a beautiful window and one with superior performance. As an award-winning manufacturer, Restorations Windows have been designed to be the best looking, best performing windows and patio doors in the marketplace. With thousands of satisfied homeowners, you don’t have to take our word for it. Check out what homeowners think below.

The most significant benefit of consolidating debt is that you can get a better interest rate on your existing debt, which can save you money. Debt consolidation loans tend to come with lower interest rates than credit cards. Also, your credit situation might have improved since you first took out your car or student loans, which could qualify you for a better rate.
Like many things in life, credit restoration is something you can do yourself. It’s not rocket science. However, there is a RIGHT - WAY, and a WRONG - WAY to work at restoring your credit. For instance; many people think that if they send a letter along with copies of their collection receipts to the CRAs, that the item will be corrected to show a zero balance or even be removed from the report. If only it worked that way. The reality is that most of the time the CRA probably won’t do a darn thing because you didn’t invoke the law in your letter requiring them to do anything. Not only that, if they do update how the account is reporting, they aren’t going to remove it. In fact, good luck at trying to remove it later since you just provided them with the verification of the account and the information about it. Without realizing it, you just did the CRAs work for them and most likely eliminated the possibility of getting the item deleted from your credit report.
Parents are more likely to have credit card debt. In our survey, 4 in 5 parents of children under 18 (80%) said they have credit card debt, compared with 58% of survey respondents who aren’t parents of children under 18. About 1 in 10 parents with credit card debt (11%) said they think it will take them more than 10 years to be credit card debt-free.
Enter Your Reply I would like to point out that this is inaccurate as to not having a credit inquiry on a pre-approved card offer. That is not true they have always always ran a credit even on all pre-approval ones that I have ever dealt with. I was given an invite recently for a relatively new company and I decided to try it and they pulled a hard inquiry on my credit anyway not to mention that they couldn't finish the process something happened on their website and so nothing ever went further and then I received another pre-approval in the mail after that I'm afraid to try again cuz it's going to ding my credit more
Your income. Lenders may require a minimum annual income and will consider your debt-to-income ratio. A debt-to-income ratio is the percentage of your gross monthly income that goes toward paying your debts. A lower ratio is better because it shows that you don’t spend too much of your income paying debts. Some debt consolidation loan companies allow debt-to-income ratios as high as 50%, meaning your monthly debt obligations should add up to no more than half of your gross monthly income.

Another option for debt relief is debt consolidation. This involves putting all your debts in one loan so you only pay for one. The aim here is to remove the high interest debts and maintaining only one payment every month. The most popular kind of debt consolidation loan is the home equity loan. This means you will be putting your home on the line.


Once you know where you’re at, you can start planning a budget. While some people cringe at the word, a budget is really just a plan for your money. It’s making sure you’re in control of where it goes instead of trying to figure out where it went after the fact. Sticking to a budget and not continuing to use your cards is the quickest way to pay off credit card debt.
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Getting a personal loan from the P2P platform works differently than a traditional loan. LendingClub reviews an applicant’s credit history and income and grades them. Depending on your grade, you’ll qualify for a certain interest rate level based on your credit risk. Marketplace investors can choose who to lend money to, based on the borrower grade and interest rate. 
The first step in tackling your debt problem is not to avoid it. If you’ve made it a habit to chuck your unopened bills in a pile, now is the time to open them up. All of them. Make a list of the debt that you owe, and the minimum payments that are required. Look at the amount of income you have coming in, the expenses that you have, and get a good, clear picture of exactly where you stand. Until you know exactly how big a debt burden you have, and how far short you fall in terms of your means of paying off your debt, you won’t be able to make the decisions necessary to begin grappling with your debt.
With some consolidation options, you may end up with a higher monthly payment than what you're currently paying. For example, credit cards typically require a minimum monthly payment of around 1% to 4% of your balance. So, in our previous example with the $7,000 balance, your minimum would likely be lower than the $233 monthly payment on the personal loan option.
For people suffering under a large amount of debt, National Debt Relief is a fantastic option. Their knowledgeable, friendly approach has a proven track record of success, while their strong BBB rating and satisfaction guarantee confirms their focus on the customer. If you want to get out from under the debt load you're facing, National Debt Relief (1-888-919-1355) is a great place to start. They earn our highest rating.
The Credit Repair Organizations Act (CROA) is a federal law passed in September 1996 that regulates organizations whose purpose is increasing consumer’s credit score through credit repair. This law is moderated and enforced by the Federal Trade Commission (FTC), so the FTC has the authority to close down any credit repair organizations that are operating outside the parameters of these laws (like fraudulent or illegal activities).
Limit the number of hard inquiries: Soft inquiries don’t impact your credit, like when you check on your own credit score. Hard inquiries can affect your score — and occur when you apply for a loan or new credit card. Too many hard inquiries in a short period of time, such as a couple of months, can make you seem riskier and, therefore, can negatively impact your score.
Another way to improve your application is to make sure that you check your credit report for problems. Millions of Americans have misreported items on their credit reports. Often, people only check their score when they want to assess their credit. It’s important to also check your full report to see if every item on the report is yours. You can request false items be removed by the reporting bodies. You’re entitled to one free credit report from each of the major reporting bodies per year – take advantage of it!
Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops. Their counselors are certified and trained in consumer credit, money and debt management, and budgeting. They discuss your entire financial situation with you, and help you develop a personalized plan to deal with your money problems. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

The drawback is that while you are not paying those bills, the interest is continuing to pile on, meanwhile, your credit score is tanking. The added interest plus the attorney’s fees could negate any cost savings from the settlement. This option could work if your debt is already in collections and you have savings or access to money that would cover a large chunk of your debt. If you can’t settle the debt right away, another option will probably work better for you.


I always wondered how I could boost my credit score after constantly getting ripped off by lenders, banks and credit card companies due to my poor credit history. So I got referred to by a friend about this amazing guy (CSE) who helped remove the negatives on my report and increase my credit score in a discreet manner. He charges reasonably and gives you evidence before final payment. He changed my life and I can now boast of having a home and a new business all thanks to him. He can fix your credit report and increase your scores in 3 day. He came through for me and he can also do same for you… Hit him up on his em ail at ([email protected] COM) or (859) 7 8 0-3779
Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera, Business.com, and ValueWalk feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
To be able to increase your ability to pay, you may want to consult your budget plan and see if your debt payment fund is enough to cover your minimum payment requirements. If it is more than that, consider paying off the high interest rate debts with a higher amount than the minimum. However, if the amount is not enough to cover that, look into your expenses and see where you can save further. If it is not working, you can proceed to option number two.
Why this credit card is one of the best: The Chase Sapphire Reserve card offers a $300 annual travel statement credit against travel purchases charged during the year, including flights. Once you earn the credit, you can begin earning three points per dollar on travel purchases. You also earn three points on dining and one point on all other purchases. When you redeem points for flights through Chase Ultimate Rewards, they're worth 50% more in travel value.

Status reports are not given and when they are it is because you have asked numerous times.  I have been waiting for a refund for over a month.  I have  called, emailed, and even texted message with no resolve from them.  "The check is in the mail" is the answer I get from the owner Rolando. It has been over 30 days.  This review is not based on the fact they could not negotiate a debt because I understand it is not guaranteed.  This review is based on the lack of communication and professionalism. I do not recommend working with a company where the owner is not too busy to collect payment but too busy to refund your payment.

The FTC says that inaccurate credit reports are the number-one source of consumer complaints, and it is quite common for problems to take six months or more to be resolved. The big three agencies, Experian, Equifax, and TransUnion, are supposed to make sure that all disputes are handled within 30 days (with the two exceptions mentioned above that extend that timeline to 45 days).
From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1982, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles.
National Debt Relief is a ten-year-old company headquartered in the financial district of New York City. Since our founding in 2009 we have helped more than 100,000 families and individuals become debt free by resolving more than $1 billion in unsecured debts. The company is Better Business Bureau accredited and has consistently maintained an A+ rating. National Debt Relief is a member of the US Chamber of Commerce and the American Fair Credit Council (AFCC). This organization is the watchdog of the debt settlement industry. It demands that its members operate with clarity, fairness, trust and legitimacy. There is no doubt about the fact that any company that belongs to the AFCC is one that can be trusted to treat you honestly and ethically.
Advertiser Disclosure: The offers that appear on this site are from third-party companies ("our partners") from which Experian Consumer Services receives compensation; however, the compensation does not impact how or where the products appear on this site. The offers on the site do not represent all available financial services, companies or products.
We are continually updating the software with new features, and we incorporate features that our users need to stay competitive and efficient. Our focus is total automation, and we are releasing a new feature almost every week. The Client Dispute Manager has all of the training you need to run your credit repair business; it has credit repair, business, lead generation, and software training all in one place. Once you are well equipped with the training, it will be easy to source for clients and be ready to start your business.
Fact: You don't? Well that's convenient, because I'm looking right at it. Try checking your email from Feb 28th, you were cc:ed on the entire conversation. Regardless, the score dropped right after you got one of my credit cards cancelled because you created chaos by trying to dispute numerous items that did not need to be messed with. Now a new negative item has been added to my report.
Exactly like that pie that had all of the kids begging for a slice while it was cooking – it’s only done WHEN it’s done. Bad credit is very similar to that pie; both have a distinct smell inciting a call to action. Biting into a piping hot pie and jumping into a high cost, upfront credit repair plan are absolutely on every top ten list of “things that can burn.”  Some things take the time to bake and then cool while others require a history of doing the right things over a period for the maximum results. Fast credit repair is without question the “drive-thru” of consumer credit restoration – nobody ever knows what’s in the bag until it’s too late.  There is no way to “un-bite” into a sandwich that has the wrong dressing or contains items that may cause an allergic reaction. Millions of consumers who bought into the concept of flash credit fixing may not be experiencing rashes or physical side effects, but every time they check their credit score they wish they could have spit out that decision.
Generally, yes. Its site uses industry-standard SSL certificates to protect any data you enter online. Once Consolidated Credit has your information, only its employees and service agents have access to it. It only shares sensitive personal information like your Social Security number with third parties if it’s legally required to. And it only shares those details with your creditors when negotiating your debt and other service providers involved in the debt management process.
It should be said, though, that some of the cries of “fraud! scam!” may come from consumers who have unrealistic expectations about the credit repair process. A doctor isn’t running a scam if she treats but does not cure you. A lawyer isn’t engaging in fraud if he represents you to the best of his ability but doesn’t get you the justice you think you deserve. In the same way, a credit repair specialist isn’t necessarily ripping you off if she makes every legal effort to remove negative items from your credit history but doesn’t succeed. There are NO guarantees in this business, other than the promise that a credit repair company will work to the best of its ability. Sometimes that results in an improved FICO score; sometimes it doesn’t. Keep this in mind as you read the consumer comments about a particular credit repair company.
Indeed, the sooner you contact your creditors, the better your chances will be of negotiating a lower interest rate or payment plan. Specifically, you’ll fare the best if you contact your creditors before you miss a payment, or at least as soon as possible afterward. Creditors don’t typically report late or missed payments until they’re more than 30 days past due, so you may have some wiggle room to work out a compromise.
To get started with Accredited Debt Relief, you'll need to enter your first and last name, email address, state of residence, phone number, and the amount of debt you're looking to manage (from $1 to over $100,000). You'll receive a call from one of ADR's representatives, and you are asked to have a recent copy of your credit scores and credit reports on hand to prepare for the discussion. You can get that information for free on the page after you enter the information described above, by clicking on the “Get My Free Credit Scores Now” button. During the phone call, the debt specialist will go through your credit profile, to get a feel for your situation and help you to understand the available options.
It may be more helpful to auto-schedule payments at the beginning of the month on all of your accounts that allow that option so you won’t have to worry about it for the remainder of the month. If your income is steady enough and your account never hovers around zero, I would definitely suggest setting up auto bill pay for recurring monthly payments.
Bad credit can happen at any time for a number of reasons. Perhaps there are unpaid debts in collections that you had simply forgotten about. Maybe you had to file bankruptcy, or you’re in the process of going through a divorce. There could be inaccuracies listed on your credit report, such as late payments that weren’t late. Or, even worse, perhaps you have been the victim of identity theft and there are all sorts of accounts on your report that are definitely not yours. No matter the reason for the bad score, it’s important that you know how to take action quickly to fix your credit score.

While much of the DIY credit repair information available out there can be helpful, the sheer volume can feel overwhelming — not to mention being sure you’re getting the right information. That’s why we’ve put together this short tutorial outlining three easy ways you can fix your credit problems. As with every endeavor, educating yourself on the options available is the crucial first step. So let’s dive in and explore the credit repair process, including writing dispute letters, seeking the assistance of credit repair professionals, and finding the best eBooks on the topic.
Accredited Debt Relief is a DBA of Beyond Finance, LLC. Beyond Finance, LLC provides debt consolidation services. Our clients who make all monthly program payments pay approximately 55% of their enrolled debt upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 12-48 months. On average, clients must save approximately 40%-50% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-6 months of enrollment and approximately every 4-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Program is not available in all states; fees may vary by state. The use of debt consolidation services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt consolidation companies.
The process of assisting customers at Savvy Money is pretty simple. You identify your current payment history, and whether you can afford to pay more, the minimum, or less. You identify how much you owe in credit card debt, car loans, mortgage payments, and more. Almost instantly a plan is "built" for you. The plan shows you how much interest you'll save, your total monthly payments and when your debt will be paid off. If you're currently unable to make your minimum payment, the website will direct you to a debt settlement company called Freedom Debt Relief.

A team of credit advisors is assigned to each case. You’ll be able to contact them directly. Each time you reach out, you will speak to the same people in order to nurture trust and provide a sense of continuity. Furthermore, the team will also contact you from time to time to make sure you’re still on the right track to reaching and maintaining a good credit score.

Each time you apply for credit is listed on your credit report as a “hard inquiry” and if you have too many within two years, your credit score will suffer. In general, a consumer with good credit can apply for credit a few times each year before it begins to affect their credit score. If you’re already starting with below-average credit, however, these inquiries may have more of an impact on your score and delay your ultimate goal of watching your credit score climb.


Nonprofit credit counseling agencies such as the National Foundation for Credit Counseling offer DMPs, while debt settlement companies and debt settlement attorneys may offer debt settlement services. You have many options if you're interested in the debt consolidation loan route. For example, you could take out a personal loan, open a balance transfer credit card or use a home equity line of credit to consolidate your debts.
Once payment is made, you will be able to immediately download the manuals and to begin your studies. You can take the exam when you are ready and they are listed on the member’s dashboard, under Take Exams. The only special technology you will need is an Adobe Reader and the ability to watch YouTube videos. Adobe is installed on 98% of all computers. If needed, it is Get Adobe Reader.
You can possibly add the costs of acquiring a new mortgage to the total amount of refinance so that you do not have to pay anything out of pocket at the time of closing. But you should know that a cash-out refinance to consolidate your debt could result in a higher rate or a longer loan term. This could mean an overall higher interest payment in the long run.
The problem with credit cards is that it’s easy to abuse them. That is what makes them a very popular sinkhole. Many Americans continue to use their cards without thinking about how they will pay their balances. The appeal of instant gratification, of getting stuff they want immediately and without having to pay at the time, can be a tempting scenario for many shoppers.
Consolidated Community Credit Union is an assumed business name of Consolidated Federal Credit Union. Consolidated Community Credit Union and Consolidated Federal Credit Union are service marks or registered service marks of Consolidated Federal Credit Union. All other marks not owned by Consolidated Federal Credit Union that appear herein are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Consolidated Federal Credit Union.
Debt settlement allows you to pay off your debt more quickly. However, it is only an option if you are already behind on your payments. You should not stop making payments just to qualify for debt settlement. You can negotiate with companies to pay a lump sum to pay off your debt as payment as full. When you do this, you need to request a letter that indicates that the payment will count as payment in full before you make the payment. On your credit report, it will state that the debt was settled. This does affect your credit score and history, but not as much as a bankruptcy would. 
Unsecured debt is the money that most people owe on credit cards, student loans, and personal loans. They do not use collateral so there is nothing for the creditor to repossess or take back. The biggest disadvantage of using unsecured debt is the high-interest rate. Most creditors seek to minimize their risk when giving out loans. The lower their risk, the lower the interest rate. But in the case of unsecured debt, the risk is really high since they don’t have collateral, hence the relatively large increase in the interest rate.  
Here’s some background to help demystify the process. Your credit score utilizes historical data from your credit report to predict your future risk of default. The information on your credit report is usually an accurate reflection of your financial life. And finally, your financial life is a subset of the rest of your life. So if you’re having hard times, more than likely it will show up in your financial life, credit report and then credit score.
Having a lot of debts with different creditors can be too much to handle and the possibility of you missing out on a payment is not unlikely. If you consolidate them, you will only worry about one payment and one interest rate every month. You usually end up paying for less – although it will be for a longer payment term. The idea is to have more than enough to save up for your emergency fund.
Consolidated Community Credit Union is an assumed business name of Consolidated Federal Credit Union. Consolidated Community Credit Union and Consolidated Federal Credit Union are service marks or registered service marks of Consolidated Federal Credit Union. All other marks not owned by Consolidated Federal Credit Union that appear herein are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Consolidated Federal Credit Union.

Another major change to the bankruptcy laws involves certain hurdles that you must clear before even filing for bankruptcy, no matter what the chapter. You must get credit counseling from a government-approved organization within six months before you file for any bankruptcy relief. You can find a state-by-state list of government-approved organizations at www.usdoj.gov/ust. That is the website of the U.S. Trustee Program, the organization within the U.S. Department of Justice that supervises bankruptcy cases and trustees. Also, before you file a Chapter 7 bankruptcy case, you must satisfy a “means test.” This test requires you to confirm that your income does not exceed a certain amount. The amount varies by state and is publicized by the U.S. Trustee Program at www.usdoj.gov/ust.


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If you've already fallen behind on your monthly payments or can no longer afford your minimum payments, we want to talk to you. If you can't see any way to improve your financial situation without taking a drastic step like declaring bankruptcy, we may be able to help. What's more, we have years of experience with clients who face exacerbating circumstances like divorce, death in the family, unemployment, long-term medical issues and other problems.

You can start to resolve identity theft issues by visiting www.identitytheft.gov to report identity theft and get a recovery plan. This is an excellent, free website created by the Federal Trade Commission. In addition to reporting identity theft, you will receive a free action plan, and you’ll gain access to people who can guide you through the identity resolution process.


When you visit the website, it collects financial information and provides you with a free estimate of how much it can save you. This initial debt consultation is free and without obligation. CuraDebt doesn’t help with debts arising from lawsuits, utility bills, auto loans, student loans, government loans, mortgages/home loans, and some other secured debts.
There are four other popular options that you could discuss with your creditors. The first is to have your interest rates reduced. If you have high interest debts of, say, 15% or higher and could get them reduced to maybe 12%, you would end up with much lower monthly payments, which could make it possible for you to meet your obligations. A second option worth discussing would be a timeout period of two or three months during which you would no longer be required to make any payments. This would give you time to get your finances reorganized and to save money that might allow you to catch up on your payments. A third possibility would be to have some or all of your credit card debts converted into repayment programs. You would likely be required to give up your credit cards but in turn you would have fixed payments for a fixed amount of time after which you would be completely debt-free.
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