unknown asked:
Will debt consolidation do this? I believe you can only have around 3200$ in debt total, he has none but I have around 5 to $6000 in debt right now, maybe a little more and I have about a month to reduce this amount significantly or at least get it down to $3200
Sorry I forgot to note we will be getting married before he leaves to basic in jan.
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Will debt consolidation do this? I believe you can only have around 3200$ in debt total, he has none but I have around 5 to $6000 in debt right now, maybe a little more and I have about a month to reduce this amount significantly or at least get it down to $3200
Sorry I forgot to note we will be getting married before he leaves to basic in jan.
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#1 by MVD34 - January 1st, 2010 at 01:06
Debt consolidation is generally a high priced, big loan.
So the answer is no, it will not help you. It will make your problems worse.
What you need is credit counseling.
To find a legitimate counselor, contact the National Foundation for Credit Counseling at NFCC.org or call 1-800-388-2227.
#2 by Reggie - January 2nd, 2010 at 00:04
No, you will not find a loan in this short amount of time due to the economy. But, yes a consolidation loan will get your monthly payments down.
#3 by Gilbe-BN - January 4th, 2010 at 11:40
Note to your fiance: DON’T GET MARRIED before basic training. The separation from your new wife and the lack of the joy of *** will kill (” “) you. I saw how it affected guys when I was in military basic training.
On his first leave you two can discuss the causes of your debt, how to cure it and then lead a debt free life style. If you two are compatible in your financial views, then have a happy marriage and life. But remember, finances/financial difficulties are the number 1 reason for divorce, and the Army still does not pay that much. P.S. Debt consolidation just changes the terms of your debt, not the amount.
#4 by Luc - January 5th, 2010 at 03:33
Loan consolidation combines all your student loans into one bigger loan from a single loan with one lender and one compensation plan. Visit this website below you find some great answer for your question