Should I consolidate my credit card debt?

Question

I have about 30K in credit card debt and I have good credit. My payments are about $800.00 a month and I want to eliminate my debt fast.  Should I consolidate my credit card debt, or will that ruin my credit?  I appreciate your help.

Answer 1

Yes.



Ways to Consolidate Debt
http://www.debt-explained.com/category/W…

Answer 2

No Debt CON-solidation treats the symptoms not the causes. Debt CON-solidation is equal to bankruptcy with out legal safeties. You will  be considered bankrupt by most mortgages FHA/VA/HUD for 7 years.
Visit DaveRamsey.com to learn what the banks don't want you to know. Eliminate debt fast? turn off the TV etc.
Get 2 more part time jobs and pay off the bills THEN cut up your slavery credit cards.
Visit DaveRamsey.com

Answer 3

I would take a serious look at my spending habits and cut costs where ever possable. This will allow you to possably make a few extra payments on your debt. Consult a C.P.A if you are serious about this. They can be a big help without debt reorganization.

Answer 4

Consolidating your debt doesn't affect your credit rating and is a good way to get rid of the debt, HOWEVER, you have to stop spending or else you'll be in twice the trouble.

Including it in a refinance is a good idea.  Here is a website that recommends negotiating your pay out before consolidating, reducing the amount consolidatd by 50% or so, but these settlements do affect your credit rating.

http://www.brownandbrownpls.com/