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How do I tell if debt consolidation is legitimate?

July 5th, 2009
dg2c asked:


I want to consolidate my debt. How much can I expect to save an how high should the fees be? I don’t want to pay the coucillor just to find out he is pocketing the money.

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  1. ambisinister
    July 8th, 2009 at 00:53 | #1
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    ask for a reccommendation from a credit union or a financial planner. look for a nonprofit organization. or a government organization. there are a lot of debt consolidation scams. talk to your bank if you can.

  2. earthwindfire82
    July 11th, 2009 at 08:15 | #2
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    Read ALL fine print. You should take a little time to contact the Better Business Bureau and see if there are any negative comments or if the person even exists. Do the math involved. The purpose of debt consolidation is to save a little money, and a lot of headaches. There are several non-profit organizations out there. There is CareOne, and they show commercials all the time. Just don’t resort to consolidation loans because they can be crooked as hell.

  3. jamesPurple
    July 12th, 2009 at 16:09 | #3
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    compare a few

  4. thedoc64118
    July 12th, 2009 at 20:12 | #4
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    TALK TO A PRIMERICA REPRESENTATIVE! it’s what they do.

  5. ccccccccdddddgggggrrrrwwwsszcvbn
    July 14th, 2009 at 23:17 | #5
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    Ask Jeeves

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