What's the difference between refinancing and debt consolidation?
Question:
Answer:
Refinancing reduces your current payments and you often can get money.
Debt consolidation is combining loans together.
So, refinancing is what you want.
Refinancing is when you refinance something like a car or a home.
Credit consolidation is when you combine all of your bills and make just one monthly payment.
You should get a bill consolidation loan, to save money and to buy your new car.
I'm going thru same thing with lots of pitfalls. I must refinance because of circumstances but I am only going to refinance to a fixed amount and not take any cash out.
There is some useful advice here.
debt consolidation
getting out of debt is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is:
http://umgarticles.atspace.com/debt-cons...
The following articles should clear your doubts:
Debt Consolidation - Get Out Of Debt
http://www.askaquery.com/answers/qn1643.
How to Hire a Debt Counselor?
http://www.askaquery.com/answers/qn1584.
What is Debt Relief?
http://www.askaquery.com/answers/qn1583.
Debt Management and Building Wealth
http://www.askaquery.com/answers/qn1581...
How to lower your debts?
http://www.askaquery.com/answers/qn1576.
How to reduce debt : How to lower your expenses?
http://www.askaquery.com/answers/qn1577.
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