Debt Consolidation Options
Date: Tue, 05/30/2006 - 18:53
I would go for consolidation. In my opinion another loan to pay
I would go for consolidation. In my opinion another loan to pay off debts is not a good idea. Consolidation loans are long term loans, so you end up paying more. debt consolidation has lots of benefits that help you in the long run. However, with your present situation, you might like to go for a loan as you cannot afford a high monthly payment. I would suggest you to listen to what the counselor says. Discuss all your problems with the counselor and mention how much you can afford per month. They can work out a good repayment plan that goes with your budget. Do let us know how it works, all the best :D
Where can I get information on a consolidation loan?
Where can I get information on a consolidation loan?
jcrab1 Have you compared your options on a consolidation prog
jcrab1
Have you compared your options on a consolidation program with a consolidation loan? I believe, consolidation program will be more helpful rather than taking a new loan and multiplying your total debt account. Besides, collateral are required while taking a new loan. There is a risk of losing the property in case of default on a single payment. Consider a consolidation program as it will deliver you better results.
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