Credit Help Forums

signdrive · #1 07-05-2008, 03:48 AM

Debt Consolidation can be a great way to help some people with their debt problems. However, in my experiences it's often like cutting the grass when you really want to get rid of the grass all together - without dealing with the roots there's still going to be recurring problems. I think the most important thing for people with debt issues is to first understand the "why" - why are you in debt, why did you spend more than you had, why can't you pay off your bills, etc.. Because without understanding, and having the discipline to change your habits the grass is going to grow right back. Then, once the habits have been changed some type of debt management should be sought out. But the key to success with finance is not another loan to fix your existing loans, it's education to understand how to manage money and discipline to follow through on what you now know. If you need help with either of those steps feel free to PM me and I'll be glad to guide you to help.

marsh · #2 07-28-2008, 06:40 AM

Hi
I don’t have so much idea regarding this subject. Just I suggest you to take steps accordingly.

spencer24 · #3 07-28-2008, 06:53 AM

Yes, most people miss the point - it's better to be debt free. Debt consolidation can abe a temporary solution, but the goal should be to get rid of debt.

Quote:

Originally Posted by signdrive

Debt Consolidation can be a great way to help some people with their debt problems. However, in my experiences it's often like cutting the grass when you really want to get rid of the grass all together - without dealing with the roots there's still going to be recurring problems. I think the most important thing for people with debt issues is to first understand the "why" - why are you in debt, why did you spend more than you had, why can't you pay off your bills, etc.. Because without understanding, and having the discipline to change your habits the grass is going to grow right back. Then, once the habits have been changed some type of debt management should be sought out. But the key to success with finance is not another loan to fix your existing loans, it's education to understand how to manage money and discipline to follow through on what you now know. If you need help with either of those steps feel free to PM me and I'll be glad to guide you to help.