Should I Consolidate My Debt? | Avoiding Bad Debt Consolidation Loans
Ever researched how to pay off debt fast and been told to use a credit card for debt consolidation. It sounds like just more credit card debt and it is! But if you understand what is debt consolidation and how debt consolidation works, you can easily get debt free while avoiding bad debt consolidation loans. No more student loans or credit card loans – just a soon-to-be debt free life. We’re walking through how to protect yourself from bad debt consolidation loans so you can pay off debt.
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Today, we used the Debt Reduction Calculator from Vertex42 to calculate the total interest paid with the debt snowball in our scenario: https://www.vertex42.com/Calculators/debt-reduction-calculator.html
#debtconsolidation #shouldiconsolidatemydebt #tianabclewis
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Thanks for watching! ? Let's celebrate your money smarts! What strategies are you using to avoid debt or to keep is down?
I use Youneedabudget.com and I love it. It is so freeing to not have debt and to have a plan for your money. This is a great video for anyone who is in debt.
I've always thought they would scam me, thanks for your tips and thanks for sharing this!
Loved your advice on how to avoid bad debt consolidation loans! Thanks for sharing!
Very interesting!
I didn't even realize you could shop around for interest rates. I just assumed it was all standard.
Nice Video Tania: I never have debt. Paid off my houses in my 30th but all young people need to hear this?
Love money tips!
really interesting information! thank you Tiana
Awesome video! I consolidated my student loans when I was younger and my payments went up and then I was told by many people "don't pay it off it's okay", so I stopped paying it. Currently still trying to pay it off. Worst idea ever. Lol. Sometimes you learn the hard way.
Loved how you explained how to repay debt fast.
There were a lot of gems in this video! Great job Tiana!
I've always assume those debt consolidation companies are scams. It's good to know how to protect yourself in this situation!