http://credit.org/blog/credit-card-debt-consolidation-loan-tips/ Free personal finance education, classes, videos, and advice Tue, 07 Feb 2012 07:39:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://credit.org/blog/credit-card-debt-consolidation-loan-tips/#comment-202 Isaac Sun, 15 Aug 2010 21:18:13 +0000 http://fit.credit.org/blog/?p=631#comment-202 You are spot on with your advice that using mortgage equity to consolidate credit card debt is not a wise move. Debt counseling is a prerequisite especially since it is free. Among others I discovered that consolidating credit card debt is more that just getting a single monthly payment. It is also about negotiating your repayments down. Unless you have the expertise, debt counseling will inform you about the various options at your disposal. You are spot on with your advice that using mortgage equity to consolidate credit card debt is not a wise move. Debt counseling is a prerequisite especially since it is free. Among others I discovered that consolidating credit card debt is more that just getting a single monthly payment. It is also about negotiating your repayments down. Unless you have the expertise, debt counseling will inform you about the various options at your disposal.

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