Anybody living the American dream?

leonid383 · Apprentice Joined: 07 Oct 2008 Posts: 4

I have recently had some bad credits and have got into large debt. I have tried almost everything, but simply did not manage to settle that the way I wanted. I was always so ambitious, but now I am simply desperate. Is anybody living the famous American dream at all? Thanks for any info.

alaric · Apprentice Joined: 28 Nov 2007 Posts: 7

The debt consolidation loan is one of the most common way to settle various high-interest debts. It covers those, resulting in another debt you pay less per month. However, that is not always a good case. The trick is in the interest rate, as you could wind up spending much more money. Interest rate will depend on your credit rating, and you can surely expect it to be high. As you can see, there is a way out, but that is certainly not the American dream you was hoping for. The truth is that more and more households are in major debts, but also it is true that there are still many people succeeding and living the dream. My advice is that you never give up. It is hard, but still reachable.