A reader asks…

I owe on 3 credit cards. One is starting to fall behind on the payments as its too much to pay. Which route is the way to go? Debt consolidation or contacting creditors & explaining that I was living beyond my means & now I am having trouble paying.
On the one card I’m having trouble with (Chase), my monthly balance is $299 but I can afford to pay $180 a month to them. I’ve heard horror stories where people get the WORST treatment when they try to set up payment plans with credit card companies. Do most companies decline an offer of a payment arrangement? I can get back to more payments in January or February but now is hard.

It is very important to get your credit report and analysis. Why is this important? For one thing, if you’re thinking about buying a house or applying for credit for any other big purchase, you’ll need a clean credit report, and it’s always best to get your credit report and analysis before your lender does. This will

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What do you need to know to make the most effective use of a debt consolidation program? Perhaps, it is wise to begin by looking at the kinds of programs out there and determine what ones provide more security. When looking, it is the type of company you need to consolidate debt that has an established business reputation. To find this program, you should take sufficient time to look at the options available. It is by researching, that you can distinguish between reputable programs and those with problems.

The important point

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