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Is a Debt Consolidation Loan Good?
Q: I have several debts that I am having trouble paying. Is a settlement with a debt consolidation loan a good idea?
A: The allure of the debt consolidation loan is that you can lump all your debts together and have a lower monthly payment. This may be true, but it is still a bad idea for the following reasons:
Jeff Rose is a CERTIFIED FINANCIAL PLANNER™ professional and co-founder of Alliance Investment Planning Group.
Alliance Investment Planning Group
Jeff Rose, Certified Financial Planner™
115 S. Washington St.
Carbondale, IL 62901
(866)267-2591
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