Tag Archives: Snowballing

Steer Clear of Debt Consolidation

Written by admin on June 8, 2009 — Leave a Comment

Robert A Johnson asked: Debt consolidation, the process of rolling all or most of your unsecured debt under a larger loan, is becoming increasingly common in this consumer driven debt-laden economy. Beware!!! Debt consolidation is not what it purports to be.Here are several reasons to avoid debt consolidation:• Many debt consolidation companies carry hidden fees [...]

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Get Out of Debt in Three to Five Years With the Debt Snowball Method

Written by admin on March 30, 2009 — Leave a Comment

A.C. West asked: With the economic downturn, the mortgage crisis, high gas prices and the rising costs of basic necessities, many people are now looking for ways to get out of debt fast. While it may seem like an impossible task to accomplish, you can achieve this goal of being debt free in as little [...]

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