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| The independent answer to your debt problems | login join |
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benji
| 10-03-2008 02:14 PM |
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Joined: 10 Mar 2008 Posts: 1 | I have a rake of debt and was thinking about bringing all my debts together? What are the benefits and pitfalls about doing this? My debts were as a result of a a combination of unfortunate events. Losing my licence, (speeding) as a result I lost my job. Still out of work but I am thinking about a career change, going to uni to study law, (I have never met a poor lawyer). Any ideas? |
| helpmenow | 10-03-2008 03:02 PM |
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Joined: 15 May 2007 Posts: 30 My Profile | Hi benji, welcome to the forum. The experts will be along soon, but here is my tuppence worth. Debt consolidation can be a good thing if you have your expenditure under control, ie not spending more than you earn. It sounds quite simple and it is but many people don't do this. Having control of your finances will also entail a modicum of thrift. Shopping about, ensuring that you are not paying too much for your utilities and making things last are all part of being in control. If you think that you are in control of your finances then shop about for the best loan deals. Good luck HMN |
| DW George | 10-03-2008 04:09 PM |
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Joined: 01 May 2007 Posts: 148 My Profile | benji Helpmenow is right, control is the key if you are considering using debt consolidation. This is article "Why caution against debt consolidation loans?" highlights why it is necessary to have control over your spending. Post your Statement of Affairs and lets us take a look at your expenditure. George |
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Amador
| 03-04-2008 11:23 PM |
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Joined: 03 Apr 2008 Posts: 1 | Hi all, I'm not sure if debt consolidation is the best "scape", I've read many negative things on debt consolidation sites on the internet. Personally I'd try to find this information in some office of debt consolidation services. Frank |
