Have you ever had a debt consolidation loan? Have you ever thought about getting a debt consolidation loan to clean up some credit cards with high interest rates or to bring several small debts under one monthly payment?
There are a few things that you should consider if you are going to get a debt consolidation loan. I recently wrote a guest post on badcredit.org, “How to Make the Most of a Debt Consolidation Loan“, where I listed the three ways that you can maximize your debt consolidation loan and never get into debt again.
Three Ways to Make the Most of a Debt Consolidation Loan
- Look at your spending habits
- Don’t shuffle money around
- Throw more money at the consolidation loan
Want to learn more about the details of these three ways to get the most out of a debt consolidation loan? Check out my guest post on badcredit.org.
You run the risk of falling back into the same traps that got you into debt in the first place if you are not careful. You don’t want to rack up more debt after a debt consolidation loan.
Have you ever had a debt consolidation loan? Did it work for you or did you lapse back into bad habits afterwards? I’d love to hear your thoughts in the comment section below.