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Debt consolidation

Hi Lita,

 I am exploring"debt consolidation". Is this a good route and if it is, who do you recommend to go with?

Thanks!

Paula


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Debt consolidation basically means that someone else sets up a plan for your to follow. Most people could do the same thing on their own. I find that many debt consolidators charge a fee - anywhere from $50 to a percentage of your entire debt balance. The initial consultation is usually free, so it may not hurt to make an appointment and learn more about their services.

 

Remember getting out of debt is NOT an overnight occurance. So be wary of any debt consolidator that promises they can "erase" your bad credit history. Cleaning up your debts is about discipline and sticking with your plan.
Posted 2009-11-12T20:39:37Z
nomoredebt77 was invited by Yedda to answer this question.

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Here are some useful links for information on bankruptcy , debt consolidation and getting a free credit report .

I think that a good debt consolidation service can help.  It is true that you can do it yourself but getting a professional who specializes in unsecured credit card debts that can handle this for you and will save you a lot of time and money if you are not too sure of what you are doing.
Posted 2009-11-15T17:45:26Z
Pete was invited by Yedda to answer this question.

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