You might want to consider these alternatives instead if you can’t qualify for a debt consolidation loan with a lower interest rate than you’re currently paying.
- Overhaul your financial allowance. Compare how much you’re investing with just how much you earn (aka earnings) to discover where you could spend less to take back more income for financial obligation eradication.
- Renegotiate the terms of one’s financial obligation. In other ways if you’re struggling to meet your minimum payments, your lenders might be willing to lower your interest rate or work with you. Continue reading “Debt consolidating is not the smartest choice for all.”