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Debt Consolidation & Management : Disadvantages of Consolidating Credit Cards

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Uploaded by on Feb 8, 2009

After consolidating credit cards, a person is still at a disadvantage because they have to pay off the debt, and credit card companies will notice that this person is in trouble. Find out how credit card consolidation can hurt a credit score with help from the owner of a debt negotiation company in this free video on debt and money management.

Expert: Peter Repak
Contact: www.ClearFinancialCompany.com
Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company.
Filmmaker: Christopher Rokosz

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  • good information.

    but consolidating debt can also help when you are over balance by more then you can afforded to pay each month on multiple cards, thus taking your over balance debt to one lump pile with no overbalance fee's etc.

    just thought i would mention.

  • Great information. Thanks a lot!

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