Comments on: Is it futile to search for lenders that do "true" Debt Consolidation LOANS?? http://debitonge.com/debt-consolidation-loans/is-it-futile-to-search-for-lenders-that-do-true-debt-consolidation-loans Sun, 14 Mar 2010 19:09:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: bestonnet_00 http://debitonge.com/debt-consolidation-loans/is-it-futile-to-search-for-lenders-that-do-true-debt-consolidation-loans/comment-page-1#comment-42 bestonnet_00 Fri, 06 Nov 2009 08:39:59 +0000 http://debitonge.com/debt-consolidation-loans/is-it-futile-to-search-for-lenders-that-do-true-debt-consolidation-loans#comment-42 If you've dealt with the spending problem that got you in the mess and been able to reduce your expense to the point at which you are already reducing your debt then you should start looking at debt consolidation. You really should ask your bank and see what they can provide, a personal loan or home equity loan (if you've got a home) might end up being a better solution than the high interest loans and credit cards that you've got right now. Though it's important that you have your spending under control, if you don't then all you'll end up doing if you role your loans into one new loan is opening up more credit for you to then abuse (you can't borrow your way out of debt).<br><b>References : </b><br> If you’ve dealt with the spending problem that got you in the mess and been able to reduce your expense to the point at which you are already reducing your debt then you should start looking at debt consolidation.

You really should ask your bank and see what they can provide, a personal loan or home equity loan (if you’ve got a home) might end up being a better solution than the high interest loans and credit cards that you’ve got right now.

Though it’s important that you have your spending under control, if you don’t then all you’ll end up doing if you role your loans into one new loan is opening up more credit for you to then abuse (you can’t borrow your way out of debt).
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