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Posted: Thu Apr 06, 2006 5:30 pm Subject: Debt consolidation - a smart approach

Would it be smarter to consolidate all of my debt or do the payday loans first and get them cleared off. Then do all the rest of my debt after all the payday loans are paid off so i can get them all out of the way?

Posted: Fri Apr 07, 2006 10:47 am Subject:

Hi cmhumiston

Welcome to the forums.

If possible, clear all your debt accounts along with your payday loans. If you can afford to pay off a large portion of the money and live on a restricted budget, you will be able to achieve a debt free life sooner. Also, you will be saving some extra money on interests over a period of time.

I will suggest you to call your PDL lenders and figure out a payment plan with them. Stick to the plan and contribute towards the consolidation program also. This will be beneficial to you in the long run.

Regards
Roxette

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