Ask the Dolans: Is debt consolidation a smart choice?
Filed under: Banks, Budgets, Debt, The Dolans, Bankruptcy
Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.
Click here to ask Ken and Daria your question.
Here's the truth: Americans are drowning in debt. Consumers currently owe nearly $700 billion on all credit cards and carry, on average, more than $8,000 in credit card debt from month to month.
Now, here's the good news: This doesn't have to be you. If you're having trouble making payments, consolidating your debt may be the answer. Let's take a look at what exactly this means and how it could help erase your balances once and for all.
Dear Ken and Daria,
I have a high amount of debt and have been thinking about debt consolidation. Can you explain how this works, and how it affects my FICO score?
-Bruce
Are you up to your eyeballs in debt? Ken and Daria show you how to get outstanding balances under control with smart debt management strategies, only at Dolans.com.
Reader Comments (Page 1 of 1)
10-21-2008 @ 8:31AM
ndf said...
I went to the web site you suggested doj.gov. This sends you to www.usdoj.gov. There is no link to debt consolidation in the Department of Justice web site.
Reply
10-25-2008 @ 4:46AM
John Roberts said...
Hi,
I greatly enjoyed looking through your blog "walletpop.com" and found an informative one for finance related topics.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community.If you are interested then please contact me at- johnberts123(at)gmail.com
Thanks
John
Reply
12-04-2008 @ 7:39AM
kelly maxwell said...
Get these people off the web! Their trivial banter about finance with half baked information is a joke. I have been in finance for 20 years. They do not know what they are talking about and are giving false information with their joke like manner on very serious issues for the public.
Reply