When Debt Consolidation is Legitimate
News from Opposing Views:

Does the phrase “debt consolidation” mean anything to you? For some, it brings to mind the idea of financial scams and disreputable companies trying to take advantage of unsuspecting consumers.

But is that really the case?

Well, yes and no. Debt consolidation, at its most basic level, is simply the action of grouping all your debt into one combined debt. For example, say you have three student loans and decide to use debt consolidation to combine all three into one larger consolidation loan. In that case, the new loan would have a balance equal to the sum of the other loans.

Sounds pretty simple, right? Unfortunately it gets complicated by the fact that certain companies advertise themselves as “Debt Consolidation Providers” when in reality they actually do something called debt management, which is different.

Why do they call themselves something that they’re not? Because they know people are out there looking for debt consolidation loans and they believe people won’t recognize the difference between debt consolidation and debt management.

The reality is that debt consolidation is a legitimate tactic for managing your debt — but only under the right circumstances.  Here’s what you need to know be…………… continues on Opposing Views

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To Pay Or Not To Pay: Insider Secrets to Beating Credit Card Debt and Creditors

To Pay Or Not To Pay: Insider Secrets to Beating Credit Card Debt and Creditors by Hilton, Stanley G.

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