Is Debt Consolidation a good idea?

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Debt consolidation loan. good, bad, or ok idea?

I am 24. I had a financial mistake of a year in 2007. I have one credit card that I had disregarded. It was a bad way of going about things, i know. I am finally am caught up on everything else and even back in school. anyways, My account was sold to a Law office and they need the balance of 2,400 immediately. I don't have the money. I have my other cards down to a total under 1,000. If I consolidated it would be a total of like 3,200. Which is not much, actually being that I am not a homeowner...

Answer:

The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity...

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Other solutions

Is debt consolidation a good idea? ?

I'm unemployed and I'm really struggling with debt. Its been so difficult to get a job and its been really hard to keep up with the payments. I've even considered bankruptcy and even working in the adult entertainment industry I'm getting desperate someone...

Answer:

Do not fall for the many debt consolidation scams out there. They charge you thousands and do nothing...

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Is finding a debt consolidation specialist a good idea or a waste of money?

I have 14k in debt from 4 different sources and just wondering if debt consolidation is a good route to take

Answer:

Debt consolidation will not only lower your monthly payments, but will reduce your interest rate so...

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Is debt consolidation through a non profit company a good idea? has anyone done it before? recommend it?

I have a few credit cards that have high month.y payments and its getting to be too much and i dont know waht to do?? i was told to check into debt consolidation throught a non profit ...show more

Answer:

no dear

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Do you think debt consolidation is a good idea?

I don't know if I should do this or not. My husband thinks it a good idea. I'm afriad it will mess up the creidt worst. There are some things I don't want filed, but I don't know if it will affect on my bills. I want to be able to by a house.

Answer:

If you are planning on buying a house, then DO NOT do it... I went thru a debt consolidation about ...

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When Is Debt Consolidation A Good Idea?

I have about 10,000 in debt not counting student loans, and even making the payments to the collector's have me struggling to maintain any type of comfortable lifestyle. I'm ...show more

Answer:

It depends what you mean by consolidate. Will the new interest rate be lower than your current one?...

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Is debt consolidation a good idea?

me and my husband are in a lot of debt at the minute as my husband was out of work for about 3 months. and i'm on maternity leave from my job (which pays pitence anyway)during ...show more

Answer:

Yes it can be a good idea.....it will depend upon which debt consolidation program you are using. Like...

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Answer:

On One Hand: Reduce or Minimize Your BillsDebt relief and debt consolidation programs offer to reduce...

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Answer:

Here are some questions to ask yourself when considering debt consolidation: Are you struggling to keep...

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Answer:

Whether or not a debt consolidation loan is a good idea will depend on your particular circumstances...

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