What is the best or safest option for debt consolidation?

Question

I am going to have to do something to make up for all my credit cards that are killing me, and I want to consolidate them all to lower my payment and help with some bad interest rates.

Answer 1

I think the best and safest option is a debt consolidation loan as you can consolidate all your debts into one single payment and that would also help you to improve your score as the subsequent payments made are towards new loan.

Here is  the source of a debt consolidation company named http://ezconsolidation.com for your reference who offers debt consolidation loan.

Answer 2

Using the SE like google or yahoo to get some hints first if you want to obtain the massive information,if you do not want to spend too much time,here is a good resource for your reference about your questions.http://debt-relief.expertips4u.info/debt...

Answer 3

The aim behind debt consolidation is to reduce the payments or the interest rate. You make a single payment toward the loan instead many payments each month. This reduces your financial burden and you can have surplus cash left over. Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.

http://debt-trap.com/category/Debt-Conso...