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Posted in Paying Your Bills
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Question By
atown6788

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0 People Helped
How do I consolidate my debt?
I want to pay off my debt but dont know where to start!

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Debt Consolidation

Helpful to 4 out of 5 people

This is common for many people.  You have many options, but the right one depends on several factors: amount of debt, type of debt (secured vs. unsecured), and how much you are struggling.  Here are your basic options:

1) if you own a home and have good credit, you can refinance your home and take cash out to pay off your debt

2) If you have good credit, you can take out a personal loan at a lower interest rate

3) If you are struggling to make payments, you can seek credit counseling. best for under $10,000 of debt

4) If you are struggling with a financial hardship, you can get help from a debt settlement company. best for over $10,000 of debt

5) If you are struggling and have little to no income, you can file bankruptcy

There are companies and services to help with all these options. Good luck.

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Refinance

Helpful to 1 out of 2 people

If you currently have a mortgage and have equity built up.... You can go refinance your home and get cash to pay off other debt!

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5 People Helped

Helpful to 5 out of 10 people

need help to improve my credit score

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