Debt Consolidation Vs Other Debt Relief

Debt consolidation is a better solution than bankruptcy; however, in most instances, debt consolidation is still not the best solution for resolving your debts. Many of the debt consolidation programs will exhaust the limited funds by incurring fees for using their service. Their solutions will also put you at risk of loosing your belongings such as your home. Most debt consolidation programs will charge high rates of interest for their services. There may even be a monthly charge attached to the debt consolidation plan.

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Debt Consolidation Solutions

Question: Who is the best option for debt consolidation?

I have a friend with I believe just over $80K in business/personal (his personal cards are used for business) credit card debt and looking for a solution to help lower the monthly strain on the business. What would be the best solution in this case? He’s already [...]

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