hello bill have been becoming an issue and piling up over and over what do you think of debt consolidation is it going to help me?


stumbled across your post -- what did you decide?


I've never used debt consolidation.  Were you thinking of using a third party to collect the payment from you and distribute it to your creditors?And assist you in negotiating a smaller monthly payment?


or were you thinking of refinancing - that of paying off all the individual loans by taking out a larger loan?  Which could be helpful if your new interest rate was less than the previous loans.

Dear Scot,

Here is a great Q&A from one of our Certified Financial Planners helping another member choose debt consolidation or not, I thought this may be helpful to you:




Good luck!


Thank you