Should I use Debt Consolidation

Trying to decide: Should I use debt consolidation or continue struggling is a valid question. And searching for debt consolidation in todays market can be time consuming and who knows what to believe.

Those who decide to pay their creditors instead of using debt consolidation tend to do so because they don’t fully understand their debt consolidation options and the effects. Doing nothing and struggling month after month to scrape together enough money to make minimum payments can cause as much stress as being yelled at. Stress leads to other serious issues such as depression, suicide, divorce, etc.

Not taking action is like building a house of cards, it all comes tumbling down sooner or later and when it does, people are left in a worse situation than had they used a debt consolidation program.

Making minimum payments to credit cards can take you 10 to 20 years, or more. Add a few late fees or over limit fees and it never goes away.

If you ask your credit card company to lower the interest rate, or minimum payment they tend to do one of two things: 1.  Play the game of having you make 3 more payments and call them in 3 months. After you make these payments, they don’t see a need to help you because you could afford your payments. 2. They will refer you to credit counseling.

If you keep doing what you are doing, you are spinning your wheels and not going anywhere.

If you close your cards, you damage and lower your score because you are taking away from available credit and as we all know, it takes years of on time payments in order to get your score to back up even a little bit.

So that leaves the question, should I use debt consolidation?

Don’t continue building a house of cards. Contact Debt Settlement Group today to see which debt consolidation is right for you. Call now for a free, no obligation analysis 1-888-933-2879 or Start online now!