what is the best debt consolidation loan provider whom i can trust.?
I have 7000 dollors of random credit card and medicall bills. My credit cards are already closed. I get calls from collection agencies threatning me. I am too woried. I am just overwhelmed. I don’t wanna eat, I don’t wanna slepp, I cannot focus on anything. I was out of job for long time and I was living alone that’s why I have lot of debt. Now I wanna pay them all. But don’t know where to start. All of my accounts are already badly closed.plz help me find some people who could pay everything and I could pay them back in simple monthly payment.
I am 21 yrs old and I really need help. I don’t wanna live with bad credit. I go to school and I make like 300 a week. Plz plz I need some advice from experts.
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Pops said,
March 20, 2010 @ 3:22 am
What are some good Student Loan Consolidation Companies?
These crooks known as Sallie Mae have screwed me. Two years ago I started receiving my student loans, and the interest rate at the time was only 2%. I even have a sheet of paper stating that.
My total in loans was $42,000.
I get my statement in the mail last week and suddenly I owe them $57,000 and they jacked up my interest rate to nearly 18%. I nearly cried. I called Sallie Mae right away stating, I cannot pay $688.00 a month it is just ludicrous.
I only have a couple more weeks to find a cheap, but very respectable loan consolidation company. My sister uses Nelnet, but they haven’t gotten back to me yet.
All of my student loans were through Citibank initially, and last year I consolidated through them. They gave me a 5% interest rate which I think is very reasonable. They have also been very helpful on the phone when I had questions and they have never adjusted my interest rates without informing me first.
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This was my question on another forum. It seems to be similar to your situation but on a much larger scale.
The best answers were given in “The Comments” section.
Also, You are young and as bad as things seem, I promise you it’s not the end of the world. Take a deep breath and relax. The situation will work out!