What to Avoid - Repossessed Houses for Sale, Sell House Quickly, House Repossession Forum

Margaret · 08-07-2009, 08:25 AM

I've heard that if you incurred a lot of debts, one way you can manage to pay all this is to consolidate them. It sounds feasible but what do I need to avoid if ever I plan to have debt consolidation?

Daniel Smith · 08-09-2009, 03:54 AM

What types of debt are you planning to consolidate? Let's say you have a lot of credit cards and all of them are almost maxed out. You decide to consolidate them in order to be able to pay all of it.

One problem that people encounter is that they still use the cards in buying. What happens therefore is that you pay for the consolidated amounts as well as the new one.

Emma Roberts · 08-15-2009, 01:06 PM

What kind of debts do you have anyway?

Prof Henry · 08-16-2009, 04:40 AM

Quote:

Originally Posted by Daniel Smith

What types of debt are you planning to consolidate? Let's say you have a lot of credit cards and all of them are almost maxed out. You decide to consolidate them in order to be able to pay all of it.

One problem that people encounter is that they still use the cards in buying. What happens therefore is that you pay for the consolidated amounts as well as the new one.

Quite right. Most people think that once they have found the solution, that's all there is to it. It is not just about debt consolidation but a change of habit as well.

Elaine · 08-16-2009, 04:46 PM

Is it easy to consolidate debts?

Prof Henry · 08-18-2009, 08:46 AM

Quote:

Originally Posted by Elaine

Is it easy to consolidate debts?

It's easy. The hard part is paying it.

David H · 08-18-2009, 09:59 AM

Fighting fire with fire is not an easy solution. In this case its debt consolidation. Think about it. You have debts and what to pay it by incurring more.

Margaret · 08-18-2009, 11:38 AM

Quote:

Originally Posted by Emma Roberts

What kind of debts do you have anyway?

You know, the usual. Credit cards, utility bills, mortgage. I'm doing good so far. Just looking forward.

Margaret · 08-18-2009, 11:41 AM

Quote:

Originally Posted by Prof Henry

It's easy. The hard part is paying it.

But isn't that what consolidating debts is all about? Making it easier to pay for your debts?

Margaret · 08-18-2009, 11:42 AM

Quote:

Originally Posted by Prof Henry

Quite right. Most people think that once they have found the solution, that's all there is to it. It is not just about debt consolidation but a change of habit as well.

I have a question. Don't they give you other advice when you consolidate debts?

08-07-2009, 08:25 AM	#1 (permalink)
Margaret Junior Member Join Date: Aug 2009 Posts: 15	What to Avoid I've heard that if you incurred a lot of debts, one way you can manage to pay all this is to consolidate them. It sounds feasible but what do I need to avoid if ever I plan to have debt consolidation? Last edited by Margaret; 08-13-2009 at 04:56 AM.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

08-09-2009, 03:54 AM	#2 (permalink)
Daniel Smith Junior Member Join Date: Aug 2009 Posts: 10	What types of debt are you planning to consolidate? Let's say you have a lot of credit cards and all of them are almost maxed out. You decide to consolidate them in order to be able to pay all of it. One problem that people encounter is that they still use the cards in buying. What happens therefore is that you pay for the consolidated amounts as well as the new one.

08-15-2009, 01:06 PM	#3 (permalink)
Emma Roberts Junior Member Join Date: Aug 2009 Posts: 13	What kind of debts do you have anyway?

08-16-2009, 04:46 PM	#5 (permalink)
Elaine Junior Member Join Date: Aug 2009 Posts: 9	Is it easy to consolidate debts?

08-18-2009, 09:59 AM	#7 (permalink)
David H Junior Member Join Date: Aug 2009 Posts: 8	Fighting fire with fire is not an easy solution. In this case its debt consolidation. Think about it. You have debts and what to pay it by incurring more.