Debt Consolidation Decisions To Improve Your Credit Rating And Pay Less In Monthly Payments – To Do Before Taking Home Loans

There are many things to consider when consolidating your debt, including the effect on your credit rating, the time period involved in clearing up the debt, the interest rate and if you own a home, the pros and cons concerning securing the unsecured debt into a home loan.

There are some things you can do before you sign on any dotted line.

First check to see if your creditors will lower your rate. This was described last year on “The Debt Diet” on the Oprah Winfrey Show.

This does not cost you anything and can potentially save you thousands of dollars. Pick up the phone and call your credit card companies and ask for a lower rate.

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