It’s typically considered for people who have high consumer debt.But most of the time, after someone consolidates their debt, the debt grows back. They still don’t have a game plan to pay cash and spend less.
With this option, you replace your multiple credit cards and other bills with a single monthly payment.
It helps you pay off your debts within a certain period.
Providers of Care One Debt Relief Services are industry leaders committed to offering the best debt management programs available.
We have met the highest quality standards and are committed to helping you get your finances back on track through counseling and education.
Myth: Debt consolidation saves interest, and there’s one smaller payment.
Truth: Debt consolidation is dangerous because it only treats the symptom.
They also probably haven’t saved for all of the “unexpected events,” which will eventually become debt too.
In other words, the good money habits for staying out of debt and building wealth aren’t there—their behavior hasn’t changed—so it’s extremely likely they will go right back into debt.
This calculator is designed to help determine whether debt consolidation is right for you.
Enter your credit cards, auto loans and other installment loans balances by clicking on the "Enter Data" button for each category.
Debt consolidation is nothing more than a con because you think you're starting with a clean slate.