I need some advice on debt consolidation

I think debt consolidation or settlement versus a loan would be your best bet. You don't still owe on the PDLs, do you? If you have them paid off, don't even consider taking out another one. Feel free to read the different posts about what a nightmare PDLs can be.

Secondly, since you have registered, a debt counselor in your area will be contacting you shortly to go over the different options that are available to you, based on your situation.

The best of luck to you, and please feel free to come back anytime.

debt consolidation will be a good choice when you are paying just above the minimums. Your debts are adding up with the interests and fees. It will be tough to catch up the principal amount in the later stage.

When you put the debts in this program, the counselor calls your creditors and explains your financial situation. He makes arrangements with your creditors so that your account does not add up with the interest charges until the accounts are paid off. Most of the fees are waived off in the plan. The interest rates are also lowered down and you have easy repayment plans according to your present needs.

Talk to a debt counselor and know your available options. You will find consolidation very helpful in your situation.

Sometimes taking out a loan can only make the situation worse. Definitely wait and speak to the debt counselor to discuss all of your financial options. Good luck!