Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
cmlballen1271

0 Contributions
0 People Helped
Credit Consuladation for ease of payment.
Need to know if there is a way to get a bank or credit company to help before problems happen. I don't want to use a consolidation company unless absolutely necessary.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
91 Contributions
79 People Helped

Good plan. Call the banks now!

There are multiple ways to go for it. Credit consolidation? NO NO. The banks will help, provided you ask. First, call them and ask if you can get a lower APR on your account. If you have good history with them and your scores are reasonable, they should lower APR. Do this for all your accounts and get the lowest APR on them. This is the single most effective way of doing it.

There are payment protection plans available, which can help you by cancelling the minimum payments for a certain period in case of a job loss but think before you enroll in them. They generally have hefty fees (which depends upon your account balance). Read all the fine prints before enrolling though.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.