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I have six credit cards to pay off, and I would like to have it all in one monthly payment. Do you have recommendations for any good debt consolidation programs?
I owe about $ 4000 in debt.

1 Thought on What are the best debt consolidation programs?
  1. Reply
    August 16, 2012 at 11:14 am

    Many debt consolidation programs hurt more than they help. How much are you willing to pay for the convenience of only paying one big credit card bill each month?
    Better idea:
    -Put the amount of your largest monthly bill in savings (or more)
    this gives you a small emergency fund/safety net
    -Assign each credit card payment to one of your paychecks each month
    -Set up online banking to automatically make the minimum payment for each of those credit cards the day you get paid
    this takes the work out of paying each bill and leaves you with the money you can spend on other things
    -Determine which debt you want to pay off first and put extra payments toward that one until it’s done
    the sooner one debt is paid, the sooner you’re rid of one monthly bill

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