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9. Debt Consolidation - savingandinvesting.com

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Uploaded by on Jan 12, 2007

Some of the principles behind consolidating your debt explained.

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  • When getting a consolidation loan, it must be remembered that you must borrow only how much you can afford to pay back. A low interest rate may be difficult to find but it isn't impossible. Do you think borrowing against an asset would be a good idea when you already have so many debts to repay - that you're gonna risk losing the asset even?

  • @debtcc I think one has to be very very careful with debt in general - I think the point is really to avoid high interest rate credit card debt and to lower interest rates wherever possible. Everything else is very situation-specific as I am sure you know. It is a mindset as much as anything and if it is possible to lower rates without taking other risks or other negative side-effects then a def. good idea.

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  • very clear

  • Nice and descriptive video.

  • Debt consolidation is a good idea to help reduce debt. There are other ways to do this such with getting out of debt plans from Suze orman, dave ramsey, and david bach.

  • Good info, someone also mentioned a site Canada-debt-consolidation.ca Canadian's and having debt problems, with just 1 phone call can eliminate your debt by up to 60%, it's true, see for yourself.

  • People should know how much they can afford and they can't by doing a financial check up of their own or consult a financial consultant.

  • Good items to think about. I am a CPA with 20 years of experience helping individuals, small companies and large Fortune 500 entities create financial plans uniquely designed for each situation. Email me to schedule a free consultation. mycpaservice (@) yahoo (.) com

  • Cool video!!! Lot's of learning thanks !!! Hey see my videos :)

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