Hi all please give me some comments about my below question.

The commercials scheduled television creates it sound like a debt consolidation loan resolve all my financial troubles. Are these loans actually the ideal method to solve my debt issues?

Thanks in Advance...

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debt consolidation

Well yes and no. Yes you will pay off debt quicker and easier, however it may hurt your credit rating. I WOULD STRONGLY SUGGEST TALKING TO A PROFESSIONAL BEFORE YOU MAKE ANY DECISIONS.

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MrsCasanova

Debt Consolidation

Debt consolidation is taking all of one's debt to consolidating them into one payment. You can consolidate your debt through debt consolidation loans, by utilizing your home's equity or by entering a debt repayment plan through credit counseling.Debt Consolidation loans are very useful to resolve your all old debt.

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Debt Consolidation

Be very carefull with TV debt consolidation, normally they dont stop interest or fees being added by your creditors, the company can take upto 40% of your monthly payments as fees, so if you pay just £100 per month, it could be that you never actually pay of the debt. I saw a man last week who would be 109 when he finished repying his debt with a TV debt consolidation plan. Its far better to try and have an IVA installed, freezes the interest, stops any action and pays of all your debt in five years.

Hi there,

Debt consolidation is an option, however I would recommend that you speak to a debt advisor where they will be able to advise you on what do as they may suggest an IVA or another solution such as a debt management program. If you don't want to speak to a debt advisor then visit the citizens advice bureau and they will be able to help

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