For around $12000 of credit card debt, will consolidation be a good choice? Where lies the difference between a program and loan?

2 Answers
Votes: 
-1 vote
+
Vote up!
-
Vote down!

As for the difference between a consolidation program and a loan - A loan can be taken out on your own while you have to enroll with a professional company to avail of consolidation program services. For further details you can check out:

https://www.ovlg.com/education/debt-consolidation-the-simple-way-out-of-the-debt-mess.html

and https://www.ovlg.com/education/debt-consolidation-loans-pay-off-your-debt-with-a-low-rate-loan.html

Votes: 
0 votes
+
Vote up!
-
Vote down!

Consolidation is good if you have multiple credit card debts. You didn't specify if you're carrying the balance on a single card or have it with multiple creditors. Try balance transfer. That's like the simplest form of credit card consolidation. In case you have it on a single card, try settlement instead. It's kind of difficult to suggest a suitable debt relief option for you without knowing about your financial condition.


Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions. Learn more »

BBB-A--Rating