Comments on: The Pros and Cons of Debt Consolidation http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation Loans Thu, 02 Sep 2010 23:06:06 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: moonman http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation/comment-page-1#comment-258 moonman Sat, 13 Feb 2010 19:41:59 +0000 http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation#comment-258 Pros: you can lower your interest payment. You can lower your monthly payment. You will reduce the number of payments you have to keep track of. Cons: You may end up paying more in the long term. Depending on how they consolidate your debt, you may end up with a longer term, thus you pay off less principal every time and end up paying interest on it longer. You may have upfront fees and costs.<br><b>References : </b><br> Pros: you can lower your interest payment.
You can lower your monthly payment.
You will reduce the number of payments you have to keep track of.

Cons: You may end up paying more in the long term. Depending on how they consolidate your debt, you may end up with a longer term, thus you pay off less principal every time and end up paying interest on it longer.
You may have upfront fees and costs.
References :

]]> By: Bill D http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation/comment-page-1#comment-257 Bill D Sat, 13 Feb 2010 19:39:59 +0000 http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation#comment-257 If you can consolidate your debts to a loan(or credit card) with a lower interest then what they are now you should probably do it. It gives you just one payment to make each month.<br><b>References : </b><br> If you can consolidate your debts to a loan(or credit card) with a lower interest then what they are now you should doubtless do it. It gives you just one payment to make each month.
References :

]]> By: Mecobaby http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation/comment-page-1#comment-256 Mecobaby Sat, 13 Feb 2010 14:37:28 +0000 http://www.thelinuxlabs.org/tax-refund-loan/the-pros-and-cons-of-debt-consolidation#comment-256 <b>What are the pros and cons of debt consolidation?</b><br>I'm considering consolidating my debts. Your thoughts, would you consolidate your debts? What are the pros and cons of debt consolidation?
I’m taking into account consolidating my debts. Your thoughts, would you consolidate your debts?

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