When Debt consolidation is a solution?
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hussein
Apprentice
Joined: 27 Jan 2007
Posts: 3
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 Posted: 05/15/08 - 10:54 Post subject: |
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| Hi there everybody! My name is Richard and I would like to ask you something about debt consolidation. The thing is that I am stuck with debts and I don't know how to find a way to repay them. That's why I'm thinking about debt consolidation. I would like to know, when debt consolidation is a solution? Thank you. |
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casper
Apprentice
Joined: 05 Sep 2005
Posts: 1
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| Posted: 06/13/08 - 22:30 Post subject: |
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| Hello to you too Richard. I am sorry to hear about your financial problems. I truly hope that you will be able to solve them and I hope that I can help you a little bit. Well, debt consolidation can be a solution when you are in a situation in which there is no way to pay back your debts and you cannot borrow more money on any account. There are several options that you have. You can declare bankruptcy and you can have your debts consolidated. I would suggest you the second scheme. That way, you are gathering all your debts into a single one with a new repayment schedule. It will make managing your finances much easier and you wil probably be able to start paying our monthly obligations. The thing is that there are so many debt consolidation offers nowadays, so I would suggest you to be careful when choosing one. That would be all from me. I hope that I was of some help to you. Bye! |
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