Is debt consolidation good or bad?

Answer On One Hand: Depends on Your SituationDebt consolidation works best if you own a home, take out a second mortgage or home equity line of credit, and pay off your bills using that. The idea is that ... Read More »

Top Q&A For: Is debt consolidation good or bad

Is debt consolidation or debt relief a good idea?

On One Hand: Reduce or Minimize Your BillsDebt relief and debt consolidation programs offer to reduce monthly bills, or eliminate certain debts completely. Total Debt Relief is one company that mak... Read More »

How to Get a Good Deal on Low Interest Debt Consolidation Loans?

A consolidation loan can be used to pay off high-interest rate credit cards or bills and consolidate them into one monthly payment. When consolidating payments it is important to get the lowest int... Read More »

Is debt consolidation a good thing to do over bankruptcy?

On One Hand: Avoid Ruining Your CreditA bankruptcy will show on your credit report for 10 years, during which time it will be difficult for you to buy anything on credit. Debt consolidation shows l... Read More »

Will a debt Debt Consolidation pay off your child support?

No. They won't pay off anything. They just contact your credit card companies and ask them to reduce your interest rates. They combine all of the credit card debts together, add up how much the tot... Read More »