Comments on: Is Debt Consolidation a good idea? http://www.christianpf.com/is-debt-consolidation-a-good-idea/ Christian Personal Finance - Financial help blog, debt help and other financial resources Fri, 12 Mar 2010 00:33:32 -0600 hourly 1 By: 51st Bankruptcy & Debt Carnival- online now! http://www.christianpf.com/is-debt-consolidation-a-good-idea/comment-page-1/#comment-15076 51st Bankruptcy & Debt Carnival- online now! Tue, 25 Aug 2009 16:52:52 +0000 http://www.christianpf.com/is-debt-consolidation-a-good-idea/#comment-15076 [...] presents Is Debt Consolidation a good choice? posted at Christian Personal Finance, saying, “A look at who a debt consolidation loan works [...] [...] presents Is Debt Consolidation a good choice? posted at Christian Personal Finance, saying, “A look at who a debt consolidation loan works [...]

]]> By: bob http://www.christianpf.com/is-debt-consolidation-a-good-idea/comment-page-1/#comment-14855 bob Thu, 20 Aug 2009 13:17:55 +0000 http://www.christianpf.com/is-debt-consolidation-a-good-idea/#comment-14855 Diane, thanks for sharing your story - that is encouraging to hear that you guys made it!! Diane,
thanks for sharing your story – that is encouraging to hear that you guys made it!!

]]> By: Diane http://www.christianpf.com/is-debt-consolidation-a-good-idea/comment-page-1/#comment-14853 Diane Thu, 20 Aug 2009 11:51:51 +0000 http://www.christianpf.com/is-debt-consolidation-a-good-idea/#comment-14853 Oops, forgot the most important thing I wanted to say--the biggest advantage to CCC, I believe, is the accountability. They do not tolerate late or missed payments. We would never have had the discipline to make that payment every month if we were on our own. That in itself was worth getting into the program. Oops, forgot the most important thing I wanted to say–the biggest advantage to CCC, I believe, is the accountability. They do not tolerate late or missed payments. We would never have had the discipline to make that payment every month if we were on our own. That in itself was worth getting into the program.

]]> By: Diane http://www.christianpf.com/is-debt-consolidation-a-good-idea/comment-page-1/#comment-14852 Diane Thu, 20 Aug 2009 11:49:41 +0000 http://www.christianpf.com/is-debt-consolidation-a-good-idea/#comment-14852 My husband and I did SEVERAL debt consolidations in the past, each of which gave us that breathing room you talked about, and in each case, we racked up more debt--up to $50,000. When I could no longer sleep at night, we call Consumer Credit Counseling. It took us five long years of a payment as big as our mortgage, and NO CREDIT, but we did it!! Now we live credit-free and debt-free and are so glad we took the path we did. We started with CCC before we actually missed any payments on anything, so it did not ruin our credit. My only complaint is that we got help with lowering interest rates, but NO counseling. My husband and I did SEVERAL debt consolidations in the past, each of which gave us that breathing room you talked about, and in each case, we racked up more debt–up to $50,000. When I could no longer sleep at night, we call Consumer Credit Counseling. It took us five long years of a payment as big as our mortgage, and NO CREDIT, but we did it!! Now we live credit-free and debt-free and are so glad we took the path we did. We started with CCC before we actually missed any payments on anything, so it did not ruin our credit. My only complaint is that we got help with lowering interest rates, but NO counseling.

]]> By: Is Debt Consolidation a good idea? « Debt Consolidation http://www.christianpf.com/is-debt-consolidation-a-good-idea/comment-page-1/#comment-14841 Is Debt Consolidation a good idea? « Debt Consolidation Wed, 19 Aug 2009 20:37:39 +0000 http://www.christianpf.com/is-debt-consolidation-a-good-idea/#comment-14841 [...] V­iew original h­ere: Is D­ebt­ C­o­­nso­­lid­at­io­­n a g­o&#... [...] [...] V­iew original h­ere: Is D­ebt­ C­o­­nso­­lid­at­io­­n a g­o&#… [...]

]]> By: Lakita http://www.christianpf.com/is-debt-consolidation-a-good-idea/comment-page-1/#comment-14836 Lakita Wed, 19 Aug 2009 18:22:06 +0000 http://www.christianpf.com/is-debt-consolidation-a-good-idea/#comment-14836 I did debt consolidation a many years ago and it "helped", but because my behavior had not yet changed, I found myself in the same predicament again. It was definately a quick fix that did not diagnose the symptom of why I had debt. I recommend going thru the NFCC if you are going to use one though as opposed to 3rd party organizations that are looking to profit off of your debt. I did debt consolidation a many years ago and it “helped”, but because my behavior had not yet changed, I found myself in the same predicament again. It was definately a quick fix that did not diagnose the symptom of why I had debt.

I recommend going thru the NFCC if you are going to use one though as opposed to 3rd party organizations that are looking to profit off of your debt.

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