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Is there any negative side of debt consolidation?

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Posts: 1
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what is the downside of debt consolidation?

credit rating .. goes down .. primarily when you have a good score .. else does not really hurt you much .. then again .. what would you prefer a low score or a lot of debt that you cannot clear?

Sub: #1 posted on Sat, 09/27/2008 - 00:52

raienterprises raienterprises

(Posts: 7 | Credits: 0.67)

debt consolidation or debt settlement? Consolidating will not get rid of the debt. Settle it and be done. Do not take a loan on your house or cash in IRAs. Let it go for a few months then settle it for .20 cents on the dollar. They will do it

Sub: #2 posted on Sat, 09/27/2008 - 03:19


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