Debt consolidation - an economical way to get out of debt

Discussion in 'Credit Talk' started by jhones.ham, Jul 22, 2009.

  1. jhones.ham

    jhones.ham Member

    Hi,

    A lot of people today are experiencing heavy debt burdens, and the numbers are rising day by day. Debt consolidation is the most economical way to get out of debt, as instead of many payments to various creditors, the debtor will make only one.

    Please share your opinion here..
     
  2. mtnmel

    mtnmel Member

    What???

    You have got to be kidding. The most economical way out of debt is to stop paying until you can settle ON YOUR OWN with a credit card company. If you pay anyone else to consolidate, settle, negotiate, or manage, you are falling prey to the let-us-handle-your-problem-for-you debtor syndrome.
     

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