Want To Know All About Debt Consolidation

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Want To Know All About Debt Consolidation

sally sally Rep Points:

Posted on September 10, 2009 at 1:28 am

Let's talk all about debt consolidation here, Want to hear your thoughts on this!

WonderGurl Rep Points:

Posted on September 17, 2009 at 1:00 am

All about debt consolidation:Debt consolidation may refer to methods where consumers would be able to make payments on their accounts by asking help from third-parties. It may also simply refer to a loan that a consumer can use to pay off his other debts.

sasha fierce Rep Points:

Posted on September 17, 2009 at 2:38 am

All about debt consolidation .....how can it work for me as a consumer? I mean I know there are different types but which one of these works best for me?

Lurker (Guest) Rep Points:

Posted on September 17, 2009 at 2:53 am

It depends on your financial situation. Here's a little diagram that can help you.Debt settlement works best for accounts that are delinquent and have balances of $10k or higher. On the other hand, if your credit card balances aren't that high, credit counseling may do the trick.A debt consolidation loan is also available, but I really wouldn't advise on using that.