Question by: Curious
When they say they can put all my debts into 1 monthly payment. What are the negatives here, what do I need to look at in deciding to do this?
Best Answer:
Answer by christi_70114
Be very careful…who is “they”? Are you borrowing money on your home to pay off credit card debt? That is very risky because most people just use the credit cards again and end up even worse than before. If “they” is a debt consolidation, they charge hefty fees for that stuff, usually the first months payment on all your debts actually goes to the debt consolidation. Try not to use them if at all possible.
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