Comments on: Consolidation Loans for Credit Card Debt?

By: janna

janna — Fri, 26 Dec 2008 19:17:32 +0000

Yes it can make a real difference. Check with your bank and/or look at the companies listed at

They have some good online choices. Make sure to compare rates and costs carefully.

By: Jeona P

Jeona P — Wed, 24 Dec 2008 09:14:52 +0000

Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.

By: Matrixcm

Matrixcm — Tue, 23 Dec 2008 20:24:50 +0000

Do it yourself… there are a lots of credit cards with low APR for balance transfer. After the transfer, put the cards away and make monthly payments. If you want, try your bank. Stay away from internet debt consolidators. There is nothing they do that you can’t do it yourself.

By: blue01cobra

blue01cobra — Tue, 23 Dec 2008 09:34:23 +0000

Couldn’t hurt I suppose. Be wary of “credit counseling” or companies trying to help you not pay all that you owe, that messes up your credit. If you card rates are really bad, consolidating at a lower rate will probably save you some money, check at a bank or other reputable lender for a personal/unsecured loan.

Be careful not to pay off your credit cards and then fill them up again though, then you have twice as much debt as before!