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Question : Has anyone ever been helped by First Choice Lending or by Lending Tree to consolidate debts?
Some guy called my mom from First Choice Lending about helping her with debts. How did they get her number? Is it a scam? I heard of Lending Tree, can they help me even if i have a score of 500 and owe about $10,000 that I am in debt right now.
- asked by cocoa
All Answers: Answer #1Talk with a financial analyst/advisor/planner about the situation. They can take a look at yoursituation and give you a better answer.I havefound that many times, a debt consolidation loanis not always the best answer. Especially with ascore that low.If you are in the DFW/TX area,please email me and I would be more than happy tosee what I can do.rjhancock at mac dot com----Bewary of CCCS. Most credit counseling services Ihave heard about end up making your credit worse. The creditors still call you for the money whileCCCS has a history of late payments. Have had 2family members go through this.
- answered by Richard H
Answer #2
I don't know much about First Choice Lending, butthey're probably trying to drum up business forequity lines, so they're calling homeowners atrandom. If your mom needs a loan, she should golooking for the best one she can find--not justthe one who called her. Lending Tree connectsborrowers with lenders--they don't do the loansthemselves. If you have bad credit, you're notlikely to find a loan that won't charge extra-highinterest. If you're falling behind on yourpayments, I suggest calling Consumer CreditCounseling Service. They're reputable, non-profit,and nationwide. CCCS can help you get yourfinances under control without ripping you off.Links below.
- answered by PelMel
Answer #3
Hi Cocoa,Many companies will offer you money andrip you off, take as much from you as theycan.Possibly think that, Richard H, could adviseyou, but do not know this person!So would take hisadvice, but with caution.Regards Keith
- answered by keithshearing
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