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 and charges.

• Some debt consolidation companies will keep your first monthly payment.

• Debt consolidation will severely affect your credit rating.

• Debt consolidation gives many consumers a false sense of debt freedom.

• If you default on debt consolidation, you could lose your home.

In light of these reasons, it is advisable for consumers to use another method to get out from beneath their debt.

Debt settlement, the process of negotiating with your creditors to pay a fraction of your debt, allows consumers a way to quickly shuffle off their debt.

Snowballing would also be preferable to debt consolidation. This process involves paying the minimum balance on those cards with the highest balance, while focusing the majority of your extra income on paying down those cards with the lowest balance.

Whether you settle, snowball, or just pay your minimum balances, anything is preferable to debt consolidation.



Cure For Bad Breath in 90 Seconds a Day

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 as three to five years with lots of discipline and determination by using a method called debt snowball.

By snowballing your debt, you will a be able to quickly payoff your outstanding balances faster than you ever thought possible. This method allows you to use the income you are already making; however, if you want to achieve faster results, increasing your income would make that possible.

To get started, follow these easy steps to get on the path to quick success.

* Gather all bills, make a budget for all expenses, and determine where you can cut back to save money.

* Look at your balances on outstanding debt and decide which one you will payoff first. Choose either the one with the highest annual percentage rate or the one with the lowest balance.

* Pay your minimum payments on all accounts, but apply any extra money you have towards the balance you are tackling first.

* When the first debt has been paid in full, take the amount you were paying on that debt and add it to the minimum payment for the next account.

* Continue to repeat this process until all accounts have been paid off.

By using this method, your balances should rapidly decrease, especially as your payments made becomes a bigger snowball with each account paid off. This is a very effective way to get rid of those cash ******* bills. Now is the time to take control of your finances so just be focused and determine and you will get out of debt fast.