By June of this year, I hope to have a credit consolidation plan in place. Right now, I am currently going on the internet so I can review my credit consolidation options. So far, I have come across two banks and debt settlement companies, which all offer different resources for consolidating debt. My current credit situation began back in 2005, when I took out several loans in order to expand my current company. Because I had a good credit score and excellent credit history, I was able to get five different loans that totaled to over ninety three thousand dollars. Before 2008, I had been able to pay all my loan payments on time, however, by the end of the year I was four months behind in my payments and also in a lot of debt. For the next few years, I worked out an arrangement to make minimum payments, however the late fees and interest rate charges kept on increasing. Finally in 2011, I decided that I needed a consolidation plan if I was ever going to get out of debt.
Tags: credit consolidation