Posted on
March 17, 2009
at
1:58 pm
This is a question that I want to put forth to everyone out there. When is it that you know it is time to consolidate your bills. I myself am still young at just 23 and if we don't count my school bills I am really not in much debt. I just wanted to know what should I look for in my family's finances to trigger the thought that it might be time for consolidation.
Posted on
March 17, 2009
at
2:53 pm
You sound like a guy who pays his bills and doesn't get over extended. If that is the case, keep doing what you are doing and bill consolidation will never be an issue in your life.
Posted on
March 22, 2009
at
9:01 pm
I'm pretty much in the same situation, so this is good to know. Thanks.
Posted on
March 22, 2009
at
10:14 pm
I have a question related to this, I am also in my 20's but have some outstanding credit cards from when I was a teenager (making bad decisions). I have managed to pay off 2 of the accounts, but I have 2 left. Would it be better for my credit (and my wallet) to consolidate at this point or will it be better for me to just reach a settlement amount with each collections agency and pay them off little by little?
Posted on
March 27, 2009
at
10:59 pm
Debt consolidation merely reorganizes your debt and you still pay back 100%. Usually your interest rate is reduced. Consumer credit counseling is the same thing. Your credit report will report "3rd party intervention" and it looks like you need help paying your bills. That's never good. With debt settlement, your debt is slashed and the interest rate is stopped.
Posted on
March 28, 2009
at
10:10 am
i would say that all you have to do is to keep on top of your bills and make sure you have enough money to keep you alive for awhile, if you keep this up then you should be fine for your whole life
Posted on
April 5, 2009
at
7:56 pm
I think that the best time to consolidate your bills is when you can't afford to pay for each of them and keep up the payments.
