Results 1 to 2 of 2
  1. #1
    Forum Regular
    Join Date
    Jul 2020

    Is debt consolidation a good idea?

    I have about $10k in credit card debt for small purchases that added up way too quickly (i.e. groceries, eating out). It's on two credit cards through Chase with approximately 24% interest on each. Is it better to continue to make $200 monthly payments (or as much as I can that month) to Chase or take out a personal loan for $10k with a lower interest rate?

  2. #2
    Forum Regular
    Join Date
    Aug 2020
    Debt consolidation can be a good idea in certain situations, but it ultimately depends on your individual financial circumstances and goals. Debt consolidation involves taking out a new loan to pay off multiple debts, such as credit cards or personal loans, and consolidating them into a single monthly payment with a lower interest rate. However, before you start using the services of a particular company, it is worth reading the reviews about it. Therefore, I can recommend grace loan advance reviews reddit. If you read these reviews, you can decide if you should use the services of these guys. I hope my answer helps you!

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts