Is it better to pay off credit on your own or get debt consolidation?

Question

two credit cards.

one with a total of about 2000.

one with a total of about 3000.

(the entire balance, not the payment thats due right away)

they both are about 90-days past due. and have payments of about 500-dollars due on them.

they became past due because of a severe bout of unexpected unemployment.

but, i finally have two new jobs. and i plan to get a third to start paying these bills off.

would it be better to get out of debt on my own or consolidate it through a loan or a credit counselor?

Answer 1

Debt consolidation can help you to relief debt to control over your debt your debt – this is actually  lowering your existing debt rates, getting a better way to pay loan , or splitting your payments to get debt paid faster and easier. Sometimes it good to pay off your debt.

You may get some information and articles about debt consolidation from
http://nfo.atspace.com