Apparently this works for people who get frustrated at paying bills. get an ING direct account and save 5% of your income. I take all my bills, divide them into four, and have the bank send a check every friday to all of them. i am never stuck for not having enough money to pay the bills because nothing is ever overdue. All your really doing is shifting the amounts you owe. all in all it shouldn't hurt you that bad, but it's somewhat better to pay those little ones down instead.Once you do get them paid down, be sure you don't close that account.(no mortgage or rent-living with family) How do these type places really help you increase your credit score while paying off debt?How much do they cost, cause I know they're not doing it for free.That too will make your score drop (b/c your increasing your balance to limit ratio).One more thing, all your debts don't have to be paid off in order for you to get a house. Best of luck and b4 you know it, you'll be unpacking in your new house.
I’ve helped thousands of Canadian families understand how to deal with large amounts of unsecured debt.This is a legal and ethical way to get out of your overwhelming debt situation.According to the Government of Canada, “this option [debt consolidation] may be suitable for debts such as those relating to credit cards, public utilities or other consumer loans.In this article, I’m going to explain in very simple terms the basics of debt consolidation.It’s a long article—but if you stick with me, you’ll know more about this highly effective method for reducing debt than 99% of Canadians.