question
Date: Wed, 01/26/2011 - 13:42
Would It be worth it to consolidate all personal loans into one large loan?
Only if you can get a decent interest rate that will be lower th
Only if you can get a decent interest rate that will be lower than what you're already paying and are sure you can make timely payments. It would also be good if your new loan payment is less than what you're currently paying monthly on the combined debt. If that's the case, you need to take the money you're saving and pay EXTRA on the new loan monthly. Apply the extra payment toward the principal and get it all paid off as quickly as possible.