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    est rate. Note that this does not entail or require you getting a NEW loan at a sexier interest rate and longer term etc. Debt consolidation is the process of combining many existing loans into a one single process and several smaller payments to your creditors.<
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    Hmmnnn…., this old gag rears it’s ugly head on a regular basis. The truth of the situation (and here speaks someone who has gone through the mill on this one, come out the other side minus most of his shirt but still alive and kicking) is that this is only partly true.

    The plain cold hard truth here is that Debt Consolidation can be dangerous because you treat only the symptom. If you have a raging balance of payments problem that would shame a third world banana republic and you haven’t come to terms with this fact then Debt Consolidation is only going to provide temporary relief. Without coming to terms with the cause of how you got into the debt in the first place it is a bit like trying to effect the repair of an amputated limb with only sticking plaster and no anaesthetic - it’s going to be extremely painful and have no prospect of long term success.

    So what is Debt Consolidation?

    Debt consolidation is when you roll all of your smaller individual loans into one large loan, usually with a longer term and a lower interest rate. Note that this does not entail or require you getting a NEW loan at a sexier interest rate and longer term etc. Debt consolidation is the process of combining many existing loans into a one single process and several smaller payments to your creditors. Stopping the Runaway Train in Triplicate
    "After an Ohio State University convocation, the chairman ran out for an aspirin and the audience fell down laughing. The Story: A distinguished old judge was invited to speak, the decision was made without realizing that the judge was somewhat eccentric and growing senile, He plodded to the lecture and started reading his typescript in a high, cracked voice.W

    true.

    The plain cold hard truth here is that Debt Consolidation can be dangerous because you treat only the symptom. If you have a raging balance of payments problem that would shame a third world banana republic and you haven’t come to terms with this fact then Debt Consolidation is only going to provide temporary relief. Without coming to terms with the cause of how you got into the debt in the first place it is a bit like trying to effect the repair of an amputated limb with only sticking plaster and no anaesthetic - it’s going to be extremely painful and have no prospect of long term success.

    So what is Debt Consolidation?

    Debt consolidation is when you roll all of your smaller individual loans into one large loan, usually with a longer term and a lower interest rate. Note that this does not entail or require you getting a NEW loan at a sexier interest rate and longer term etc. Debt consolidation is the process of combining many existing loans into a one single process and several smaller payments to your creditors.<

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    then Debt Consolidation is only going to provide temporary relief. Without coming to terms with the cause of how you got into the debt in the first place it is a bit like trying to effect the repair of an amputated limb with only sticking plaster and no anaesthetic - it’s going to be extremely painful and have no prospect of long term success.

    So what is Debt Consolidation?

    Debt consolidation is when you roll all of your smaller individual loans into one large loan, usually with a longer term and a lower interest rate. Note that this does not entail or require you getting a NEW loan at a sexier interest rate and longer term etc. Debt consolidation is the process of combining many existing loans into a one single process and several smaller payments to your creditors.<

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    ic - it’s going to be extremely painful and have no prospect of long term success.

    So what is Debt Consolidation?

    Debt consolidation is when you roll all of your smaller individual loans into one large loan, usually with a longer term and a lower interest rate. Note that this does not entail or require you getting a NEW loan at a sexier interest rate and longer term etc. Debt consolidation is the process of combining many existing loans into a one single process and several smaller payments to your creditors.<

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    est rate. Note that this does not entail or require you getting a NEW loan at a sexier interest rate and longer term etc. Debt consolidation is the process of combining many existing loans into a one single process and several smaller payments to your creditors.

    What Debt Consolidation is NOT is the process by which a consumer exchanges one loan for another taking various factors in to consideration.

    Debt Consolidation and Credit Counseling can help you become debt free. To do so however requires that you must understand some basic consumer credit counseling and debt consolidation credit counseling. There is also a price to pay for being able to achieve this.

    What is this price?

    Well to be brutally blunt your credit record is going to tank big time in the short term. Don’t believe people when they promise otherwise. It isn’t going to happen. Now I know this is a bit like watching a sports programme on TV when the Commentator has an outbreak of Commentators curse and the unexpected happens. In this case this is where some old and wizened debt ridden character emerges from round the corner to proudly declare that their credit rating and record has never been better.

    Sorry folks but there is no such thing as a free lunch in this case. Now this should serve as a warning to

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