Should I Consolidate my Debts?

When it comes to our debt, we’re constantly looking for some relief. How can I lower my monthly payment, or my interest rate? One solution a lot of people turn to is debt consolidation. This is when you move a bunch of debts into one singular loan. Typically, this new loan is at a lower interest rate and can drastically lower your monthly payment. Sounds good, right?! Not always. Here are 3 things to be careful of when considering debt consolidation. 1. Avoid Credit Counseling Services Credit counseling service companies offer debt management services. This means you sign up with them and they manage your debt for you. You send them a monthly payment and they take care of your debt payments

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Profit First Coach |   (512)573-4387

Austin, TX

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