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Question By
NIELD

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IS THERE A WAY TO CONSOLIDATE CREDIT CARD DEBT

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"debt consolidation loan" or "balance transfer card"

Top Contributor
495 Contributions
213 People Helped

Many

Most require you to have a good credit score though.  And the majority of people who use any of these place themselves at great risk.  This is because most people who need this help have not learned to live within their means and they end up racking up the CC debt again PLUS paying off the consolidation. So please be VERY aware and carefull.

1) Refi a home with cash out for consolidation

2) Personal consolidation loan

3) 401k loan (you end up losing more then you pay in many cases so a lot of math is needed to calculate if this is helpfull or harmful)

4) Balance transfer to your best interest CC, if they will increase your limit to allow for it

5) Pay for a company, or learn how to do it for yourself, to negotiate lower pay off amounts. This will kill your credit score in the short term.

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