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Should I Use National Foundation for Debt Relief or Go With Fast Track Debt Relief? – Laura

“Dear Steve,

I opened a restaurant & got into some CC debt. I have about 30K on them and would like to consolidate to get a better interest rate. The companies will only lower the rate a little bit, but not much. I am current on all payments.

Is it better to use the Natl foundation for debt relief or go with a company like Fast Track Debt relief? Which would be better so that I don’t ruin my credit?

Thank you!

Laura”

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The Answer

Dear Laura,

If your credit is the most important factor you are trying to protect then I would first look at a debt consolidation loan with LendingClub.com. As a restaurant owner you may need to protect your good credit to work with suppliers.

LendingClub.com is a peer-to-peer lending network that not only makes debt consolidation loans but small businesses get loans through them as well.

Is the issue that you can’t afford your payments? If so, that’s an entirely different matter. Let me know in the comments section below.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

Should I Use National Foundation for Debt Relief or Go With Fast Track Debt Relief?   Laura
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If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Steve Rhode

    Laura,

    Generally those loans are for 3-5 years. This is just a starting point. If you look at LendingClub.com and don’t think that’s going to be right for you, let me know and we’ll move on to Plan B.

  • Laobrien66

    Hi Steve,

    Thank you for your response. The payments are high & hard to pay since the interest rate is so high. If lendingclub.com can do a consolidation @ a lower monthly rate that would work. At my age I do not want to have to pay for years & years either.

    Laura

  • Laobrien66

    Hi Steve,

    Thank you for your response. The payments are high & hard to pay since the interest rate is so high. If lendingclub.com can do a consolidation @ a lower monthly rate that would work. At my age I do not want to have to pay for years & years either.

    Laura

    • http://GetOutOfDebt.org Steve Rhode

      Laura,

      Generally those loans are for 3-5 years. This is just a starting point. If you look at LendingClub.com and don’t think that’s going to be right for you, let me know and we’ll move on to Plan B.

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