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2cat2

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is it a good idea to go to care credit agency to work with creditors

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The only Care Credit I know of is a credit card that people can use to extend payments on such things as dental or medical bills or pet care.

What is needed with creditors is being truthful and making payments on time.  When hard times, such as job loss, occur, being truthful and promptly notifying creditors of the problem may result in their coming up with an alterante plan to help the both of you.

DO NOT go with a "credit repair" company!!! Too many of them are not ethical and charge exorbitant fees for something you can accomplish yourself.  I do suggest reading the articles found on this site and utilizing the financial tools provided on this site so you can learn how to deal with creditors and build and maintain a good credit score.  That is what Credit Karma is for.. 

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I have to agree with jwsisters

Avoid credit repair agencies like the plague since you can do everything they can. There are also no guarantees they can help you, but the only guarantee is your money into their pockets. Get your credit reports and make a checklist of stuff you want to eliminate...

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Consolidate loans

It is a good idea then to consolidate all credit cards debts to one credit card?

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Reply by
EddyTX

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If you can qualify for a new credit card, transfer the balances on to a long term 0% card. 

Cards with high interest should only be used occasionally for small purchases. Then paid off completely when due. 

I carry a balance only on a 0% card. Used for large purchases that I budget in to pay off before the end of the promotional rate. 

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If you are looking for credit counseling, try this website:  www.nfcc.org.  They are a non-profit credit counseling group that will assist you free of charge.

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