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Looking at Debt Consolidation?
Jul 15, 2004

Everyone has experienced the welcome relief of being able to turn to credit resources for unforseen emergencies such as medical expenses or car repairs. But without careful financial management these resources can sometimes get you into financial trouble. Fortunately there are a number of ways to survive such a financial crisis and get back on top.



Debt Consolidation

Debt consolidation can help you lower your cost of credit through a second mortgage or home equity line of credit. These loans may add up cost-wise, but may alternatively provide certain tax advantages not available with other kinds of credit.

Credit Counseling

Credit counseling and debt management services can help you establish a debt repayment plan and may help you reduce repayments with creditors.

Be Cautious

Be cautious before turning to any third-party or business for help with your credit and debt problems. Before you commit to anything, be sure to find out exactly what services the business provides and what it will cost.

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