Consolidate debt. Why? Monday, June 12, 2006
Is that your question?
Well if you think practically you'll find answer yourselves.
Managing 10 different things is always tougher than managing a single thing.
Say you have debts from credit card, payment defaults etc.. If you try to solve one at a tme, the other will still keep haunting you..
Here is where a debt consolidation helps. In a debt consolidation loan, you are going for a loan which meets all the payments for your current debts, at the same time leaving you only one to be repaid (i.e the debt consolidation loan) for the later days.
If you are looking for a higher loan amount, the best option is a secured loan. If you choose an affordable combination of repayment term and interest rate for your secured loan, it is more safest of all.
So still are you in doubt why to consolidate debt?
posted by Ramkumar @ 2:00 AM,
