Submitted by [deleted] t3_10055jw in personalfinance
stanimal21 t1_j2fn93t wrote
Reply to comment by batboobies in Help deciding how to consolidate debt... by [deleted]
I don't know what your income is, but $27k is not enough for me to start with debt relief services. Just some good ol' fashioned discipline will work. However, YOU can do the same legwork they would have done by calling the creditors yourself and attempting to negotiate a lower interest rate. Sometimes they will lower your rate for a time period so you can concentrate on loans that did not lower the rate.
batboobies t1_j2fnizt wrote
Oh interesting! Because they're so risky, credit-score wise?
stanimal21 t1_j2fnpfb wrote
Because they charge a fee to negotiate the lower balances, so the money you save may or may not be worth it. Check this review:
https://www.forbes.com/advisor/debt-relief/accredited-debt-relief-review/
batboobies t1_j2fo01n wrote
Thanks for the tip! I really appreciate you taking the time. I have a lot to think about.
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