Help with consolidating credit card debt
See how we helped Carol take control of her budget to get ahead. There are plenty of ways to consolidate that don’t tap your home’s equity.
It’s simply not worth it to use a second mortgage solely for the purpose of paying off your credit cards.
As a result, it was all too easy to start charging again.
The right way: Once you consolidate, you need to set up a household budget.
Otherwise, you could be looking for a new solution sooner than you’d like.
So, at minimum, you need good credit score to qualify for do-it-yourself debt consolidation at the right interest rate.
If you don’t have good credit and you try to go DIY, the rate may be too high to provide the benefit you need.
Use the ten points below to give yourself the best opportunity for success.
The biggest mistake people make after consolidating credit card debt is that they don’t stop making new credit card charges.
Consolidating credit card debt allows you to develop an effective repayment strategy so you can get out of debt faster.