National Student Loan and Credit Report Debt Attorney

Are Debt Consolidation Loans Bad News?

Rate this post

Suze Orman

Los Angeles, CA

Today. A recent question and answer session with financial guru Suze Orman discusses a wrong way to pay down debt. A family with $26,000 of various debts is searching for a way to pay down their debt.  They are using their salaries to make payments. However, they are considering taking out a personal loan to consolidate their debts into one big debt, and then pay that debt down

http://www.huffingtonpost.com/2014/11/05/paying-off-debt-suze-orman_n_6056688.html

Suze Orman does not believe in debt consolidation personal loans to repay debts. Often these loans are at a high interest rate with strict repayment terms. Debt consolidation programs can also depress your credit score while paying back 100% of your debt plus interest. If you are in significant debt consider debt settlement performed by a qualified law firm. Many people are faced with the burden of high debt and behind in the minimum payments. In this scenario, debt settlement with a qualified debt settlement attorney can be a great solution.

Are Debt Consolidation Loans Bad News? was last modified: November 10th, 2014 by Kevin Fallon McCarthy
START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.