Archive for February, 2009

When Is Debt Consolidation A Good Idea?

Saturday, February 28th, 2009

redone8601 asked: 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 23 and still can’t finish school because I won’t get pre-approved for a loan to get my BA. I can’t even afford to go [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace

Sarah asked: I got laid off two months ago and have been working odd jobs since. I have student loans, a car payment, rent, phone and credit cards and I pay what I can but I am being hounded with 20 calls a day. I’m a good person. I am so scared. Should I consolidate [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace

Alex Jonnes asked: Are many monthly payments stressing you out? If you are going in for paying more every month to your lenders and seeking convenience of one monthly payment, then Student Debt Consolidation Loan is the right choice for you. With the loan provision, you can make you entire of your liabilities in an [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace

RiffRaff524 asked: I currently have Sallie Mae loans. As many of you know they will take you to the bank on interest and other fees. Does anyone have any advice on who might be willing to consolidate these god awful private loans. I don’t want to be in debt forever! Any [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace

SexyArmyWife asked: we have about $29k in debt, from vechicle payments, student loans and credit card debt. If we do a debt consolidation, will that hurt our credit scores/ report? my score is above 800and his is right below it.
we would just take out one BIG loan to pay our debt off, we are not [...]

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace