2007-03-14 00:36:31 · 3 answers · asked by Sherica T 1 in Family & Relationships ➔ Family
putting ALL your debts into One payment is easier than paying smaller amounts... just dont make more debts, or it messes up the whole plan
2007-03-14 00:41:32 · answer #1 · answered by bronzebabekentucky 7 · 2⤊ 0⤋
Taking a low interest loan to pay off high interest debts makes a lot of sense. If you do it right, you can pay off the debt quicker or have smaller monthly payments.
BUT
That hardly ever solves the real problem. Many people see the extra money they have and spend it or see the empty credit cards and fill them up again.
How will you stop new debts piling up? Solve that one and you will truly change your life.
2007-03-14 00:58:16 · answer #2 · answered by jinoturistica 3 · 2⤊ 0⤋
stop spending money stupidly... get a loan, pay off your debts, then look at your finances again, and see what you need to pay and what else is available...
2007-03-14 00:40:22 · answer #3 · answered by Forlorn Hope - returned 6 · 0⤊ 0⤋