Quote:
|
Originally Posted by Brewmaniac
NoSoup & everyone else thanks for providing this valuable service!
I have extensive medical bills the last few years and now have more than $25k in Unsecured Debt with a balloon note for $25k up in 6 years. Should I try credit counceling or continue just trying to pay it down? If I could just get the one card with $18k on it to give me a fair int. rate we could do it. But they won't budge off a 27.4% rate! Assholes! Thanks for any advice.
|
How is your current credit standing? Do you have 25k in Unsecured debt on the balloon loan with an additional 18k credit card balanced at 27.4%?
At this point, I wouldn't recommend credit counseling. You are paying for a service that may not be beneficial to you at all, not to mention something you can do yourself. More importantly, getting credit counseling is roughly the equivalent of declaring bankruptcy when it comes to the negative impact it will have on your credit report.
Hope this helps - and I might be able to help a bit more once those other questions are answered
