How Does Debt Consolidation Work?
If you have many different debts with different interest rates, payoff schedules, and balances, it may sound like a good idea to sign up for debt consolidation. Consolidation can seem appealing with the promise of a significantly lower monthly payment and a reduced interest rate. For some people, consolidation may be a reasonable solution. For others, they will be making the debt consolidation company rich. The truth is, debt relief salesmen will tell you whatever you want to hear to get your business. Don't fall for any of the gimmicks or false promises. Before you sign on the dotted line,
Michael Dinich