Debt consolidation loans allow consumers to pay off credit card bills with the help of a bank loan. Consumers should be mindful not to go back into debt after paying off credit cards. Find out more about debt consolidation withinformation from a registered financial consultant in this free video on money management. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Video Rating: 5 / 5
Question by Nicole D: Will any debt consolidation company include secured debts like cars and educational loans into the program?
Will any debt consolidation company include secured debts like cars and educational loans into the program?
Is it uncommon, does anyone know of one?
Best answer:
Answer by MoneyMonkey
Try the only reputable company, Consumer Credit Counseling. But, before you do this read Dave Ramsey’s book, Total Money Makeover. Debt consolidation is equal to filing for bankruptcy on your credit report. You can manage your debt if you just get on a written budget, get rid of the credit cards, and start living within your means. Read the book, and get a plan, then pay off your debts in an organized way as described. If you can go through FInancial Peace University, it’s a great way to get control of your finances.
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