Do you think debt consolidation are a good idea?
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dun
Apprentice
Joined: 13 Jan 2005
Posts: 5
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 Posted: 03/05/08 - 08:35 Post subject: |
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| I am in a little trouble. I have a debt to repay and not a many ideas how to do it. Everyone is telling me about could debt consolidation. They are just being helpful, I know. Can you tell me what kind of process is debt consolidation? Is that the help I need? |
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kale
Apprentice
Joined: 13 Jul 2005
Posts: 9
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| Posted: 04/04/08 - 00:22 Post subject: |
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Well, don’t be too trilled about debt consolidation. It can make it even worse. There are many companies offering that kind of service but usually it’s more like expensive scams. Pass it. Better to ask your family to help you with a loan. Try to find credit cards with lower rates. If you own some kind of estate, try to get home equity loan, they are inexpensive, relatively easy to get and can even obtain tax deduction.
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