Sun, 07/27/2008 06:18
I am totally new to the debt consolidation world and need help. I received a mailing from Discover the other day offering me a consolidation loan and so I've done a little research. I have a student loan, and three credit cards totaling $13,496.65. As of right now the student loan has an apr of 3% and one CC is at 8.99% the other two are at 0% because of balance transfers. I know that I have have a spending problem so every time I get my cards paid down I spend more money. As of this month I have nothing left in my bank account it's all going to pay bills - I have never been late with a payment. For two years I was working a second part-time job - therefore I had more money so I was able to spend more money. But, when I left that job I kept spending the money I didn't have. I need to know if debt consolidation is the way to go for me and my situation. Is there another way for me to learn better spending habits?