Does anyone know of a good debt consolidator?

2015-12-08T18:32:24-05:00

Looking for a good debt consolidator to fix up my credit. Does anyone know of a good one or does anyone know if USAA offers that service?

Response by Capt Mark Strobl made Dec 8 at 2015 6:47 PM

2015-12-08T18:47:08-05:00

I would recommend starting with USAA as a resource. I'm not sure if they do debt consolidations. But, they can likely steer you in a good direction. But, do be careful: There a lot of predatory lenders --just looking for military members.

Response by SGT David T. made Dec 8 at 2015 7:03 PM

2015-12-08T19:03:49-05:00

The Ramsey method works, but the consolidation companies are a scam.

Response by SPC Private RallyPoint Member made Dec 8 at 2015 8:25 PM

2015-12-08T20:25:29-05:00

Not only do I know a good debt consolidator, I know of some awesome ocean front property in Kansas you should invest in with your savings.

Bottom line is this, debt consolidation services are profit driven. In other words you will always be on the losing end. Pay off your highest interest debt first, and move on from there. If you are using credit cards, stop immediately. They are the single source for most American's debt.

Response by MAJ Bryan Zeski made Dec 8 at 2015 8:53 PM

2015-12-08T20:53:48-05:00

One thing you CAN do is look into getting a lower interest loan and pay off your high interest credit cards with that loan.

Response by CPT Russell Pitre made Dec 8 at 2015 9:48 PM

2015-12-08T21:48:33-05:00

I would say all of them are horrible. I did use in they past. They don't do loans or anything like that. If you want to pay off your debt they will call up all of your debtors and figure out a set payment plan. They also require you close out all of your accounts. You pay them one amount and they pay your debts.

https://www.cccssf.org/

Welcome to CCCS of San Francisco

CCCS of San Francisco is a non-profit service and a member of the National Foundation for Credit Counseling (NFCC) and the Association of Independent Consumer Credit Counseling Agencies (AICCCA). We are accredited by the Council on Accreditation of Services for Families and Children, Inc. and are certified by the United States Department of Housing and Urban Development (HUD) to provide comprehensive housing counseling services.

Response by PO2 Peter Klein made Dec 8 at 2015 9:55 PM

2015-12-08T21:55:33-05:00

Try Frank Kriticos at San Diego Credit Solutions. Do not be put off by the name. Franks is top notch and honest. 3914 Murphy Canyon Rd, San Diego, CA 92123 [login to see] . Let him know where you got his name, please. If you would like I can get his email for you.

Response by SCPO Joshua I made Dec 8 at 2015 10:08 PM

2015-12-08T22:08:06-05:00

The concept of debt consolidation is a scam.

You need to make a budget, figure out the minimum you can live on, and put the rest to savings and paying down your debt, more to debt until you get out from under it. That's it.

Response by SPC Terence Q Burns made Jul 20 at 2020 11:24 AM

2020-07-20T11:24:21-04:00

I've used Lexington Law in the past. They helped me get rid of 60K in medical bills for only a fraction of their cost