Warning! Before You Consolidate Your Credit Card Debt

When considering credit card debt consolidation, you should think about whether it will actually help you achieve your financial goals. Not everyone offering…

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  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt
  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt
  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt
  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt
  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt
  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt
  • wp socializer sprite mask 32px Warning! Before You Consolidate Your Credit Card Debt

6 thoughts on “Warning! Before You Consolidate Your Credit Card Debt

  1. In response to Autumn (I am unable to reply directly to your comment for
    some reason)… Have you tried to get a reasonable monthly payment on the
    loan at any time?

    Ideally, you want to set up some form of payment they will agree to now,
    and before your student loan is in collections. Student bills can balloon
    very quickly once they are in collections.

    What type of loan was this??

  2. I’m having trouble finding any helpful information on Student loan debt.
    Basically, I only attended one semester of college but did not pay my bill
    and in thirty days it will be going to a debt collector. I have a baby on
    the way and soon my work hours will go from 12 hrs a week to zero. It’s
    $3,000, so how do I manage to pay it off without it growing a ridiculous
    amount of interest??

  3. If you define debt consolidation the way most do, where you get a lower
    interest loan and pay off all higher interest credit card debt, it does not
    hurt credit. In today’s lending environment you will nee good credit to do
    it. Debt settlement means missing payments in order to open up the
    opportunity that a credit card lender will take less than the balance owed
    as payment in full. This does hurt your credit. But credit heals. So if it
    helps you avoid bankruptcy its worth considering.

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