Article Score0

have over 10,000 dollars worth of credit card debt. should I consider consolidating?

I can afford the payments no problem, but in the long run, the interest may be more than what I could have paid if I was in a debt consolidation program. Does that make sense to you? Thank you for your time.

6 Thoughts on Loan debt consolidation, What is the best debt consolidation company at the moment?
  1. Reply
    Aari Lee
    February 15, 2014 at 10:52 am

    on 10k and you can afford it?,,,that means you can do it on ur own quite easily..

  2. Reply
    February 15, 2014 at 11:29 am

    Hi John,

    You can get a free debt consultation from

    They can advise you to how reduce your debts and lower your monthly payment and avoid bankruptcy.

    I hope it helps.

  3. Reply
    February 15, 2014 at 12:28 pm

    why pay a debt consolidation company for something you can do yourself? Here is something you can try.Look for a card that offers 0% interest for 6 months to a year.Transfer a balance you know you can pay off in that amount of time.No interest on that amount as long as it if paid in the 6 months ot a year. Shop around for a card that has a lower interest rate. My daughter found one at her credit union for 3.9% for 18 months.You can do this.Maybe get a small extra job for a few months and dump all that income on the smallest card to pay that off to jump start your journey.

  4. Reply
    February 15, 2014 at 12:39 pm

    Listen, you don’t need to pay more interest to pay off your debts. Take a look at for starters. Buy his cheap book TOTAL MONEY MAKE OVER, or for cheaper go to Barnes and Nobel and read it there for free.
    Basically, list your debts and credit cards, smallest to largest. While paying minimum on the rest of the bills, take some of that money you have (the ” I can afford the payments no problem” money) and pay as much to the smallest bill until you eliminate it. Cut up that card. Now take the money you were donating–I mean paying on the smallest bill and add it to the second bill, and get rid of that bill. Proceed to scissors and cut up that card. Then continue to pay down the list and I bet with in 6 months you either out of the credit bills or well on your way. And you have not donated any more new interest to the greedy credit card system. Now quit using credit cards, and keep the interest in your pocket to buy stuff you can wait to buy, until you can afford it.

  5. Reply
    Just Me
    February 15, 2014 at 1:04 pm

    It is a wise financial strategy to settle all your accounts payable by putting all outstanding, higher-interest debts into one loan, with a lower interest rate. Doing so will reduce your immediate monthly debt obligations by hundreds, or even thousands of dollars.

  6. Reply
    February 15, 2014 at 1:28 pm

    As the economic crisis continues to force people into dire financial situations, more and more people are struggling to meet their monetary obligations nowadays. The debt continues to pile up as they borrow money to pay off the interest or arrange for the repayments for their previous borrowings, eventually leading them to bankruptcy. This can be a very stressful situation and in order to get out of this vicious circle, debt relief programs can be your best bet.

    Companies that have a specialization in these debt relief programs are well-versed in dealing with various types of creditors, like mortgage companies, banks, credit card companies, et al. They can be your great rescuer as they interact with creditors to reduce the amount of money you owe to them (this can sometimes be the reduction of as huge as 70% of the total amount) and can even convince creditors to cut back on the interest rate on your previous borrowings, thereby assisting you in finding your way out of this debt-ridden situation.


    Consolidation of the present debts, debt settlement, modification in re-payment schedules and debt negotiation are some of the common solutions that are suggested by debt relief companies. Though all of this sounds too positive at this time, the catch lies in finding the right debt relief company that is truly committed to offering an apt consumer debt solution and not dupe you further, making your situation even worse.

    Leave a Reply to Karen Cancel reply

    Register New Account
    Reset Password