is consolidating my bills the smartest thing to do?

Answer 1

It depends on how you do it...thats a very vague question.

Answer 2

Are you consolidating by getting a loan? if so it's better to have one payment than owe several different people. If you are thinking of credit counseling, then you need to weigh the good and bad. If that's the only way you can get your bills paid off without destroying your credity.. then you might want to do it. However if you are looking to get a loan anytime soon... you might not want to. Sometimes credit counseling is considered as bad as a bankruptcy to lenders.

Answer 3

I found a plan to reduce my debt on CNN Money website, look for Calculators and then use the Debt Reduction Planner, you have a place to put in all your credit card info such as total balance, minimum payments and so forth and it will ask you when you want to pay it off ( 1year 2years..etc) and then calculate and it will tell you what to pay each month and to whom. Try that and play with the different calculators and different options, you will prob find something that works for you.

Answer 4

If, after you've consolidated them, you'll be paying an overall lower interest rate, then go for it.

Answer 5

You should really do your research....I know that some of those credit consolidating companies actually ruin your credit.....

Answer 6

If you are out of control, yes. But you also need some counseling

Answer 7

wrong category