DO you think debt consolidation is a quick fix?
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maddy
Apprentice
Joined: 29 Jul 2006
Posts: 7
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 Posted: 12/30/07 - 08:36 Post subject: |
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| I receive tons of emails regarding consolidation debts every day. I friend told me that there are ways to pay off my credit cards debt using some services such as integrated credit solutions and when I called them they calculated my debt and told me that I could pay off my debt quicker with their help. I must admit I’m scared it would bring me to more debts. Can it really be a quick fix? |
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colver
Apprentice
Joined: 26 May 2004
Posts: 8
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| Posted: 01/29/08 - 01:12 Post subject: |
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| Yes, I saw those debt consolidators that promise you they would take care of everything and you end up giving more money. I won’t suggest you to fall into that balance transfer trap because I don’t think you can easily get out of it although it can seem as a quick fix. I am sure there are better ways for consolidation and you would have to figure it out on your own. Try with home equity loan or ‘cash-out refinancing’. |
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