Totally Debt Free Lifestyle: Your Transition to a Better Financial Situation
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Question by junes2210: Are credit card consolidated loans a bad idea?
I just recently got married and our parents didn’t help us with the wedding we pretty much did everything on our own, so as it turns out our credit card bills are a bit out of control and we are only paying the min. on all of them. I was considering a consoliation loan to pay them all off and I would still end up with a lower payment than paying the min. on all of our credit cards put together.
Best answer:
Answer by ugh192
I was told that it looks just as bad as claiming bankruptcy. So I just claimed bankruptcy. Wasn’t married at the time though. So his credit is good.
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