Would debt consolidation bring on another debt problem in recent future?
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wilow
Apprentice
Joined: 13 Mar 2005
Posts: 9
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 Posted: 12/31/07 - 06:43 Post subject: |
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| 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 because they probably charge high interest, right? What to expect in recent future if I start with debt consolidation? |
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bing
Apprentice
Joined: 10 Apr 2004
Posts: 6
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| Posted: 01/30/08 - 04:27 Post subject: |
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| I can tell you that you can expect another debt problem because it’s a cycle. No one will actually shrink your debt to minimum unless you start taking care of it by yourself. And, believe me; getting a loan is not that easy because it assumes that you already have a debt history. You might consider other safe options like personal loans to get out of debt. Law balance transfer cards are not the way out, remember! Because you will eventually pat off that transfer too. |
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