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Probably only a loan would work at this point. If they are wanting to sue you, how do you know? Have they sent someone to your door and handed you paperwork?

I think you should try one of the non-profit credit counseling agencies. They can negotiate with your creditors on your behalf, and they won't charge you a fee. See Sources for a page that lists a couple of good agencies.

The following site has a lot of good information on debt consolidation and a free consolidation quote feature

Yes moneymanagement.org can probely help you out they helped us

If you are a homeowner, check out:

www.totaldebtsolutionsllc.com

i have a suggestion, dont spell suggest with two d's. it makes you look about as dumb as someone who relies on yahoo answers to consolidate their debt.

go to your bank and speak with a loan officer.

the a.p.r. would probably be lower and their criteria for lending might possibly be less stringent.

best of luck.

you don't say what type of debt you have, but if it's credit card, take the one with the lowest interest rate and use it to pay off all the rest. then make sure you pay at least the minimum on that card each month, Obviously, you want to pay more as you are able, but at least the minimum will keep your credit on track.

good luck

can you get all your debt on ONE card ??? and ask for a lower interest rate ??? You should clear your credit report of that late loan....since it's been paid off. (only you can do that.)

What I did was pay minimum on all my cards but one the smallest one I payed extra and once it was payed off I put what I was paying on it to another card and so on. also I used my income tax to pay off some cards. i am now debt free and just got a house that's what worked for me.

WHATEVER you do, STAY AWAY from all of those debt consolidaters you see on TV. The ones that claim they can "Get rid of interest" and stuff like that. They charge an outrageous fee, which they are shady about, and creditors consider it as bad as bankrupcy on your credit report.

Try contacting the bank which has the negitive and just ask them nicley to remove it. Always worth a shot. If that doesnt work, try disputing it through the three credit agencies. Usually, if a debt is resolved, a creditor wont waste time trying to prove its real.

Do not consolidate- that will only give you one large payment instead of a few smaller ones and will also increase the time needed to pay them off. Your best bet would be to take the lowest balance credit card and start "overpaying" it monthly- now if you are only making minimum payments on the cards you cannot afford to pay them off, nor consolidate nor save for a down payment, so if you are in a good financial place that you can pay off a credit card one at a time and still save a little toward the down payment that is what you should do. If you have any cards that have a really high interest rate but the balance is the highest-- ALWAYS pick the card with the highest interest rate to pay off first-- because most of your monthly payment is going to interest and not the principal of the loan so that card would take you the longest to pay off--and needless to say, do not buy anything on credit- pay cash only and if you don't have the cash, don't buy it. You can't get the line of credit because of the 90 day late on the student loan-- that is why it is important to start overpaying on the highest interest credit card- continue with on time payments on the other and if possible even if it's just 20 bucks more a payment, start paying a little more on the other two--you may be surprised in 5-6 months, you may get offers for consolidation---but don't do it! That will mean your credit is getting better and you do not need to consolidate-

good luck to you------ps if you can work overtime- use that extra cash to pay down those cards--- and once paid, you personally close 2 out of 3- leave the lowest interest card to use and charge on it every month and pay all but $5 a month on the bill--- that will crazy enough, increase your credit rating because it will show that you are using credit but are able to pay on time, in full if you wanted to and are a better credit risk--crazy rules but that's the government for you---don't pay it off every month because that would mean you are NOT using credit........crazier yet..............good luck to you

Go online, or to a local credit counselor, they can get you on a repayment plan with your crediy card compamies. Your credit does no matter with them they are there to help you get out of debt the fastest and easy way.

If you are having huge debts but cannot or will not pay, apply for bankruptcy. You do not pay your bills to your creditors but make a single payment each month to the settlement company. Your lenders will ask for the payment from this company. When your level of debt reduces substantially, the settlement company will negotiate with your lender to settle your account. The settlement does not exceed 50% of the balance outstanding. This will let you clear off your debts within 2 years. But the major drawback of this method is the damage caused to your credit rating. Ascertain the reputation of the company before using their services.

Depending on your credit score, you may be able to get a personal loan at a low interest rate to payoff your outstanding debts. Since you've already stated that you won't be using anymore credit cards you will be able to reduce your debt faster by consolidating to a low interest loan from your bank not the ones you see on TV, they have hidden charges. I've done it in the past and it worked wonders. Instead of paying 14-15% on credit cards each month, I was only paying 7.9% for the consolidated debt. The total amount of the consolidated debt seemed high compared to the individual accounts but that goes to show you that a little here and there really does add up. The total finance charges paid year over year was significantly less compared to if I stayed with just paying the bills separately. So with the money you make now, less of it goes to finance charges which essentially gives you more money to breathe. It sounds like you have your spending under control which will help. I know it sounds like an impossible situation but you can get out of it and you're on the right track.

Don't get tricked into opening new credit cards with low finance rates or even low balance transfer rates. Those will hurt your credit score. At least with a consolidation loan you can't be tempted to respend.

get the most for what you buy, meaning if you can get cash back for purchases that you already make then do it. there are cards that pay you for gas stations etc, take the money they give back and start an emergency fund. this way you are spending the same but saving a little each month. it is a long process but once you get on track you will be surprised how it adds up

free consumer counseling service can help you and get you on the right track

A service where you go in person, not on the phone or online.

This is a free service site that seems to have offices pretty much everywhere. I live in the middle of the desert in NM and we have an office at our YMCA.

You may want to look into it:
https://www.debtadvice.org/returningclients/returningclients_01.cfm

I use citifinancial for personal/consolidation loans up to 10 grand...over 10 gs' I use california financial group...here is citi's web where you can find a branch..https://secure.citifinancial.com/branchlocator/branchlocator.php

If you are already behind, a consolidation loan with favorable terms is very unlikely. You may wish to speak with a credit counselor to make sure that you can mitigate further damage to your credit and your financial situation.

Make sure you find an agency that has a satisfactory rating with the Better Business Bureau.

Consolidation might not be your best bet - you need to figure out how to pay it off and stop adding to the debt.

Credit counselors can sometimes get your interest rate reduced on existing balances. The tradeoff is usually not being able to use the card any more.

Watch out, some supposed credit counselors are scams. Consumer Credit Counseling seems to be legit.

Good luck.

Forget it when we invade we will enslave you all credit will be the last thing on your tiny mind!!!!

here's a few selected ones, I am with one of them
http://debt-consolidation.50webs.org

hi,
here you'll find tons more info than I could possibly
post here. It'll take a bit but it's your money and well worth
taking your time over it
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!

Consolidators DEFINITELY hurt your credit.

Your best bet is to call EACH credit card company and do two things:

1: Ask if they can lower your interest rate - just tell them you've seen a lot of competitive offers and options recently and would like to know if they could offer you something better than they are currently. Keep track of each of your cards and what their interest rates are.

2: Find out if there's a charge to transfer balances. What you want to do, ESPECIALLY if balance transfers are free, is move balances from higher interest cards to lower, which will allow you to pay off the debt faster.

ALSO, if you're overpaying (paying more than the minimum) - FOCUS ALL OVERPAYMENTS TO YOUR HIGHEST INTEREST CARDS - that way, you're getting rid of the problem faster by getting rid of the debt that, in the long run, will cost you the most.

Maybe a little different then what you are looking for. But you can go online to all the credit bureaus sites, dispute ALL of the delinquent or chargeoff accounts on your credit. The original creditor has 30 days to respond ( you would be surprised how many don't ) if they don't it will be removed.

Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest.

Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan. Sometimes these fees are near the state maximum for mortgage fees. In addition, some unscrupulous companies will knowingly wait until a client has backed themselves into a corner and must refinance in order to consolidate and pay off bills that they are behind on the payments. If the client does not refinance they may lose their house, so they are willing to pay any allowable fee to complete the debt consolidation. In some cases the situation is that the client does not have enough time to shop for another lender with lower fees and may not even be fully aware of them. This practice is known as predatory lending. Certainly many, if not most, debt consolidation transactions do not involve predatory lending.

Be very leary of third party companies that promise credit repair or debt consolidation. Many will just take your money and trash your credit.

Clean it up yourself. Make a strict budget. Eliminate all the extras -- cell phone, eating out, new clothes, etc. Put every penny you can squeeze out of that budget on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next till they are all paid in full.

Find ways to make additional cash to throw at the debt. Have a garage sale, collect alum cans, get a second job.

If you work at it, you can pay off all the credit cards within 2 or 3 years. You'll have a good credit history and will have new financial management skills.

Good luck with that. I was trying to do the same, before I went completely broke and nobody would help me, eventually after my credit cards went extremely delinquent most of them took 60-70% payoffs and then I just rebuilt my credit.

I saw your Question requiring a loan.

Why don"t you approach a private lender?I got my loan from a certain agency.Their interest rate of 0.2% is simply great..Why don"t you try there?You can contact them with their email,financier@mail.org,richards_loan_agency@yahoo.com.

a recommendation is not to go to a company because they charge you interest rate for every 3% you put in your card the best think to do is to start give higher payments each month

Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan<!--allows you to condense your monthly payments into a single, simple bill, while lowering your interest rates and helping you pay down your debts more quickly and easily. It is also an essential tool in avoiding the much more serious step of declaring bankruptcy.

http://badcredits.awardspace.com/Loan-Consolidation.htm

Unlike bankruptcy, in which debts are cancelled and your credit rating collapses completely, debt consolidation loans are essentially a type of refinancing, where several-->old loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.