Is Debt Consolidation the Best Way to Go and If So How Should I Go About It?

Posted November 25, 2009 – 7:49 pm in: Personal Finance

Like I am in about $20,000 in debt and I was thinking about consolidating all of it into one monthly payment. If I do decide to do it, I really would like to know how everything will show up on my credit report after everything is said and done.

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2 Comments

  1. Smilin'Bob_ The Enzyte Guy
    Posted November 25, 2009 at 8:30 pm | Permalink

    Pick your stiffest interest rate debt.. and concentrate on paying it off first.. all the while paying minimums on the rest.

    Repeat the process until done

    Seeking credit counseling can REALLY hurt your credit score…

  2. marina C
    Posted November 25, 2009 at 9:30 pm | Permalink

    It is important that you know what your options are and what your goals are before choosing a debt consolidation program. Bills.com has all the debt consolidation resources you need to understand how debt consolidation can work for you and select the best option for you. They even have a Debt Consolidation Savings Center that can help you find debt consolidation providers.

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