Debt consolidation loans?

If you are looking for a reputable firm to help you negotiate settlements on your debts, looking for a lawyer is not likely the best choice.

Under rules passed by the FTC (Federal Trade Commission) in 2010, debt settlement firms CAN'T charge you up-front fees to work on your case. That means you won't pay a penny in fees for any single account until after that account is settled.

However, most lawyers working to negotiate settlements can charge advance fees. I think it makes more sense to hire a firm that can only charge a fee if they deliver results to you, than one that can charge you fees in advance.

I don't understand part of your question. What debts do you plan on still having, once you finish settling your debts?

It is highly unlikely that you will qualify for any kind of debt consolidation loan, after settling debts. Successfully settling debts requires going delinquent on your accounts, which harms your credit. It takes a year to two years, after settling your debts, to improve your credit to the point that a consolidation loan is a possibility.

If you are looking for a reputable debt settlement firm http://www.bills.com/best-debt-settlement-companie... , look for a firm that is a member of the American Fair Credit Council (AFCC). The AFCC enforces a strict code of conduct that its members must follow, including a prohibition against charging advance fees.

The processes involves getting a financier who will pay up what you currently owe to the many different parties and leave you with only one loan to pay. Taking up debt consolidation does not take away any of the debt.....

More ifnformation: http://www.qwhatis.com/what-is-debt-consolidation/

It's important to understand that a debt consolidation loan simply transfers the debt to a new lender, so you still have debt.

Additionally, a consolidation loan with a longer repayment period may lower your monthly payment, but increase the total amount you repay. However, you can always pay off the loan faster by making more than the minimum monthly payment.