What Is The Best Method for Debt Consolidation?


M

Mishi

What Is The Best Method for Debt Consolidation?


Consolidation for debt is defined as a service that condenses all
unsecured monthly bills into one bill at a low interest rate. Debt
consolidation reduces overall interest rates, monthly payment amounts,
and even the pay-off most times.

You can get debt consolidation through a counseling session in which
they will instruct you on how best to repay your unsecured debts.

The party offering profitable tip will get in contact with the people
you are indebted to. They will then negotiate the interest rate of
your loan to lower it so you can easily make your payments without
struggling.

http://www.consolidate4free.com/articles/WhatIsTheBestMethodOfConsolidation.html
Read full article: What Is The Best Method for Debt Consolidation?


http://www.consolidate4free.com/debtconsolidation.html
Resources for Debt Consolidation


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D

Daytona

Commercial debt refinancing organisations take ~15% of any payments
you make, reducing the amount your creditors get. They advertise and
spam heavily to get business due to the profits they can make from
people who are in debt. There is no point in using them because there
are several charities and government/industry funded not for profit
companies which make no charge to you or your creditors -

- Free debt management companies: <URL:http://www.payplan.co.uk/> and
<URL:http://www.cccs.co.uk/>
- Free debt advice: <URL:http://www.nationaldebtline.co.uk/>

Payplan are funded by the credit industry as a whole -

"Every penny you pay into a Payplan arrangement goes to your creditors
and reduces what you owe. This is because we receive funding from the
credit industry who recognise the need for a free service."

<URL:http://www.payplan.com/other-debt-management-companies.php>

The Consumer Credit Counselling Service (CCCS) is a charity -

"The Consumer Credit Counselling Service is a registered charity whose
purpose is to assist people who are in financial difficulty by
providing free, independent, impartial and realistic advice. "

The National Debt Helpline is a charity -

"We are a charity (Registered Charity Number 1099506) formed in 1991
to increase the quality and availability of free, independent money
advice in the UK."

<URL:http://www.nationaldebtline.co.uk/agency_information.php>

Beware of companies claiming to be able to repair your credit record -
<URL: http://www.registry-trust.org.uk/FAQs/tabid/53/ItemID/20/getscroll/fal=
se/Default.aspx#20>

Beware of companies offering to give you more loans, consolidate your
debts or swap unsecured loans for loans secured against your house =96
<URL:http://www.guardian.co.uk/money/2007/apr/15/creditanddebt.debt>

There is an excellent forum for debt issues here -
<URL:http://boards.fool.co.uk/Messages.asp?bid=3D50079> - TMF Dealing
With Debt board.

Start here -
<URL:http://boards.fool.co.uk/Message.asp?mid=3D10194975>

Many of the people have been there, done that, & got the T-shirt, so
the advice is from people who have a detailed knowledge of the
subject.

More links on my webpage -
<URL:http://mysite.wanadoo-members.co.uk/quickhelp/debt.htm>

--
Daytona

Keywords: reducing debt, debt consolidation, debt reducing strategies,
consumer credit counseling, debt consolidation company, credit
counseling, credit card consolidation, debt consolidation services,
free debt consolidation, credit repair, loans
 
R

Robin T Cox

F

Fergus O'Rourke

[snip]
Consolidation plays into the hands of those who want to replace your
unsecured debts with secured debts, which lay you open to the risk of
losing your home.
You and Daytona are becoming tiresome on this.

You are not entirely wrong, and I do respect your motives, but you should
know that the debt-consolidation you attack is not the only kind possible.
 
T

tim.....

Fergus O'Rourke said:
[snip]
Consolidation plays into the hands of those who want to replace your
unsecured debts with secured debts, which lay you open to the risk of
losing your home.
You and Daytona are becoming tiresome on this.

You are not entirely wrong, and I do respect your motives, but you should
know that the debt-consolidation you attack is not the only kind possible.
I do agree that they have become tiresome (especially as I don't actually
see the sapm to which they reply).

But they are right that any form of debt-consolidation that you have to pay
for is not debt-consolidation that anyone should want. Yes, there are other
forms of debt-consolidation that are worthwhile, but they are free.

tim
 
T

Tim

[snip]
Consolidation plays into the hands of those who want
to replace your unsecured debts with secured debts,
which lay you open to the risk of losing your home.
"Fergus O'Rourke" wrote
You and Daytona are becoming tiresome on this.
...
"tim....." wrote
I do agree that they have become tiresome (especially
as I don't actually see the sapm to which they reply).
Agreed. Anyway, what's the difference between the original
spam and Robin's / Daytona's spam in reply? Oh yes, at
least the original spammer changes their content each time
-- Robin & Daytona don't seem to say anything new....
 
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R

Robin T Cox

Tim said:
[snip]

Consolidation plays into the hands of those who want
to replace your unsecured debts with secured debts,
which lay you open to the risk of losing your home.
"Fergus O'Rourke" wrote
You and Daytona are becoming tiresome on this.
...
"tim....." wrote
I do agree that they have become tiresome (especially
as I don't actually see the sapm to which they reply).
Agreed. Anyway, what's the difference between the original
spam and Robin's / Daytona's spam in reply? Oh yes, at
least the original spammer changes their content each time
-- Robin & Daytona don't seem to say anything new....
My dear chap, the field is yours. Please go ahead and say something original
instead.
 
T

tim.....

Robin T Cox said:
Tim said:
[snip]

Consolidation plays into the hands of those who want
to replace your unsecured debts with secured debts,
which lay you open to the risk of losing your home.

You and Daytona are becoming tiresome on this.
...
"tim....." wrote
I do agree that they have become tiresome (especially
as I don't actually see the sapm to which they reply).
Agreed. Anyway, what's the difference between the original
spam and Robin's / Daytona's spam in reply? Oh yes, at
least the original spammer changes their content each time
-- Robin & Daytona don't seem to say anything new....
My dear chap, the field is yours. Please go ahead and say something
original
instead.
Or perhaps we could:

a) just ignore the spam
b) report it to their ISP without comment.

The number of people who are going to be reading it on this board who are
liable to be taken in by it, is somewhere close to zero.

And as I have already pointed out, some ISPs recognise this posting as spam
and remove it from their server.

tim
 
R

Robin T Cox

tim..... said:
The number of people who are going to be reading it on this board who are
liable to be taken in by it, is somewhere close to zero.
That is your assumption.

However, it is prudent to provide a health warning against the like of
Mishi - just in case you are wrong.

If that irritates you, you have a remedy in your own hands.

Assuming, of course, that you know how to killfile the posts which you find
irritating.

Alternatively, instead of thinking about your own convenience, you might
instead do something more constructive to prevent spammers from profitting
from the small percentage of people who might succomb to their
blandishments.

Unless, that is, you are also one of the spamming community yourself, and
would like to see anti-spam warnings discontinued.

Which is it?
 
T

tim.....

Robin T Cox said:
That is your assumption.
A perfectly reasonable one, IMHO.
However, it is prudent to provide a health warning against the like of
Mishi - just in case you are wrong.

If that irritates you, you have a remedy in your own hands.

Assuming, of course, that you know how to killfile the posts which you
find
irritating.
I suppose I could kill file all your posts, would you like me to do that?
Alternatively, instead of thinking about your own convenience, you might
instead do something more constructive to prevent spammers from profitting
from the small percentage of people who might succomb to their
blandishments.
Why should I need to do this?

Do you think that I should also go knocking on all my neighbour's doors just
to check that they aren't being taken in by some scam that they have
received by post or telephone? After all, they did used to fool my mum.
Unless, that is, you are also one of the spamming community yourself, and
would like to see anti-spam warnings discontinued.

Which is it?
I suggest that you check my posting history and decide for yourself.

You do know how to do this?

tim
 
R

Robin T Cox

tim..... said:
A perfectly reasonable one, IMHO.
Which you are, of course, perfectly entitled to make. However, it doesn't
make it a correct assumption.
I suppose I could kill file all your posts, would you like me to do that?
Frankly, my dear chap, I don't give a damn.
Why should I need to do this?

Do you think that I should also go knocking on all my neighbour's doors
just to check that they aren't being taken in by some scam that they have
received by post or telephone? After all, they did used to fool my mum.
That's entirely up to you.
I suggest that you check my posting history and decide for yourself.

You do know how to do this?

tim
Judging by your posts in this thread alone, you are perfectly happy for
spammers to mislead people, just so long as you don't have to read the
comments of people like myself and Daytona who decide to do something about
them.

That's tough. But, as I am by now tired of pointing out to you, the remedy
is in your own hands.

Do you understand?
 
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T

tim.....

Robin T Cox said:
tim..... wrote:


Judging by your posts in this thread alone, you are perfectly happy for
spammers to mislead people,
What a ridiculous comment.

I am happy for stammers to post her because I am 100% certain that none of
the readers of the group will be take in by it.

The fact that you don't agree with that assumption does NOT, I repeat, NOT
entitle you to liable me.
just so long as you don't have to read the
comments of people like myself and Daytona who decide to do something
about
them.
How is posting a comment on the end of a thread that no-one here is
interested in, "doing something about it"?

tim
 
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