debt consolidation
debt consolidation
Out of context: Reply #8
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- sp0
alot of people, and i mean people with creditability say that those consolidation companies are scams.
that's what both my lawyer and my accountant say. they've both been very good to me and helped me out a lot with my finances after college, so i trust them.
i don't however, trust debt consolidation companies or legal loan sharks [read: 'payday' loan places].
debt is probably the single biggest domestic problem in the us. the vast majority of crime can be attributed to financial and economic problems.
debt consolidation doesn't do anything but remove some interest from your payment, you still have to pay back everything...and, if you think they can make an impact on your credit rating then they are taking you for a spin.
sorry to say.