Has anyone used debt consolidation or credit counseling and found themselves back in debt?
Question:
No.
debt consolidation is not good and i wouldnt suggest you try it. The thing is the time you are going to them to help you consolidate the creditors has already reported laye payments and overdraft fees and so on dont do it try to pay @ least the min until you get straight.
yes , debt CONsolidation only treats the sympton not the Cause. Some 75% of CONsolidation users find themselfs back in debt with in five years and at higher levels.
CONsolidation companies cost you more than they save. Better deal is burn the cards, get 2nd and 3rd jobs work till you can't and do it some more. Pay smallest balance 1st off, then 2nd smallest, 3rd smallest while paying minimum on others. the interest rates don't matter - WINing against them does.
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