Consolidating credit card debt 20

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Some companies know holiday shoppers who don’t stick to a budget tend to overspend then panic when the bills start coming in.

Minimum monthly payments aren’t doing the trick to help nix your debt, and you’re flippin’ scared.Here are the top things you need to know before you consolidate your debt: But here’s the deal: Debt consolidation promises one thing but delivers another.That’s why dishonest companies that promote too-good-to-be-true debt-relief programs continue to rank as the top consumer complaint received by the Federal Trade Commission.Consolidating debts into one loan used to mean “let’s pull money out of our home equity line and pay off the creditors” – and then the housing market collapsed, and with the collapse of the housing bubble came the end of the HELOC games.Now it works a lot like it should have worked before: you get a loan based upon your credit score, at a rate based upon your credit score, and, unlike before, you use money that you actually have (or money that you’re making) for payments.

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