I have an account (credit card via PayPal) the balance is high, and I don't want to pay them anymore. I have missed three payments. These payments are the only ones I have missed. They have written me a letter that the account is going to close. I don't really have the money to pay. Is it possible to get debt consolidation on this account? I know that will close it. However, I would like to know if that is a good idea? Thanks
I do not think that debt consolidation is the best idea as sometimes the payment can increase drastically which can cause a different problem so I would recommend you get a financial advisor to avoid such issues.
Debt consolidation is not always a good solution, as it may entail an increase in the debt hole. It caused Direct Express problems for me
