Ll consolidating finance bad credit
You’re in deep with credit cards, student loan payments and car loans.
Minimum monthly payments aren’t doing the trick to help nix your debt, and you’re flippin’ scared.
In principle you can consolidate your debt regardless of your credit position.
Whether you should consolidate or not is an important question - one that you may wish to discuss with a qualified financial advisor.
But let’s be honest: Your interest rate isn’t the main problem. This specifically applies to consolidating debt through credit card balance transfers.
some personal loans, and guarantor loans) as well as secured loans.
We like to think that a loan to consolidate your debt is part of an overall plan to get control of your finances and family budget.
It will not solve issues on its own, but if done properly it could help you so long as you take other steps as well.
People use the phrase "debt consolidation" as if it is some sort of magic pill.
In fact you need to be very careful when looking to consolidate your debt especially if you are combining unsecured debt (e.g.