Debt consolidation on good history account

Discussion in 'Credit Talk' started by ChrisJ, Sep 5, 2019.

  1. ChrisJ

    ChrisJ New Member

    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
  2. Bernie Young

    Bernie Young New Member

    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.
  3. AdamJensen

    AdamJensen New Member

    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

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