Is a debt consolidation loan a good idea?

Tips and Deals Forums Debt Management Is a debt consolidation loan a good idea?

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    • #219131
      Anonymous
      Inactive

      We have a lot of credit card debt with bad interest rates. We can’t get the banks to agree to lower rates. We have a child about to begin college next year. We are highly mortgaged.

      I am partially disabled, but my spouse works. We are getting by, but only just.

      We haven’t used a credit card except for emergencies in years because we recognized the debt problem.

      I am afraid of the impact of the debt consolidation on -credit score, ability to obtain any financing for my shild, and household emergencies.

      A debt consolidation would run about 4 years.
      I chose a company from the Better Business Bureau.

    • #285435
      Anonymous
      Inactive

      sure if you get the right/legit company,it will be great for you….beware of the scams, they will screw you for life…..

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