Comments on: Is Debt Consolidation Dumb?

By: Mike Shreve

Mike Shreve — Fri, 01 Jun 2007 02:17:06 +0000

Debt is a tool. Like fire or a chain saw, misuse it and it’ll hurt ya. Structure it properly, and it will promote a comfortable early retirement.

By: justG

justG — Thu, 31 May 2007 06:35:59 +0000

Debt consolidation can be a rip-off, or it can be an excellent idea, depending on the agency with which you end up dealing. My friend went through one, a “non-profit” venture on paper, and it’s been great for her. She was dealing with some creditors who wouldn’t even discuss her situation with her directly, so she wasn’t able to do any of the things you’re supposed to try with them, like negotiating a lower interest rate and whatnot. The debt consolidators were able to sort it for her, the consequence of which is that a debt that would have probably taken her about seven years to pay off on her own will instead be paid off in about three.

By: Duncan

Duncan — Thu, 31 May 2007 06:26:33 +0000

Best thing I ever did was consolidate all my debt, to this day I still don’t have a credit card (Visa debit gives you all the functionality without the bill) and having one loan payment to make at a lower interest rate (we remortgaged the house) has made life that much better. 5 years ago I didn’t have a penny in the bank and multiple payments I struggled to make, today my 1 debt is 1/3 paid off and I’ve got money in the bank for a rainy day. Highly recommended to anyone, particularly is you’ve got equity in a house you can use.

By: The Chris Pirillo Show

The Chris Pirillo Show — Wed, 30 Nov -0001 00:00:00 +0000

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By: SocioBiblog

SocioBiblog — Wed, 30 Nov -0001 00:00:00 +0000

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