Consolidating credit card debt into line of credit internet dating magazine

Debt consolidation is nothing more than a con because you think you're starting with a clean slate.But the truth is the debt is still there, as are the habits that caused it—you just moved it!"The theory of turning higher debt rates (credit cards) into lower ones (mortgage) is a great idea," says White in an e-mail, "but it usually doesn't work because many of the people who end up in this situation have a habit of spending without conscious decision making." Gayle and Jim Mc Weeney are determined to break that habit.They refinanced their New Jersey home in July, rolling ,000 of credit card and car loan debt into their 30-year fixed-rate loan.We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.Debt consolidation is a strategy to roll multiple old debts into a single new one.Thanks to an excellent credit rating and an appraisal valuing the house at 5,000 -- four times what they owed on it -- Ray and Jo Ann managed to lock in a 30-year fixed mortgage interest rate of 4.8 percent, two points lower than before.

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Getting out of debt isn’t quick or easy, but it’s the first step to achieving lasting financial health. It simply means you’re taking out one loan to pay off a bunch of loans—or consolidating the debt to one payment.We’re serious about matching you with the financial products that fit you best.We’re on your side, even if it means we don’t make a cent.While we try to feature as many product offers on our site as we can maintain (1,200 credit cards and financial products!), we recognize that our site does not feature every company or financial product available on the market.