How to find if consolidation will ease debt burdenManaging personal debt is not always easy. But in certain instances, a debt-consolidation plan might help out.
By: Chuck Myers, McClatchy-Tribune News Service
Managing personal debt is not always easy. But in certain instances, a debt-consolidation plan might help out.
Although debt consolidation may sound inviting, it should not be undertaken without careful deliberation. Several Web sites provide insights on controlling debt and debt consolidation. Here are a few:
—Bankrate.com: Explores debt problems and consolidations through a variety of topics. http://www.bankrate.com/brm/news/debt/debtguide2004/consolidating-debt.asp
—Credit.com: Covers the pros and cons of debt consolidation and debt-reduction options. http://www.credit.com/credit(UNDERSCORE)information/debt(UNDERSCORE)help/Debt-Consolidation-The-Pros-and-Cons-of-Your-Major-Options.jsp
—Federal Trade Commission: Provides options for getting personal debt under control, including debt consolidation. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre19.shtm
—Investopedia: Article offers extensive look at the debt-consolidation route, with a five steps consolidation program. http://www.investopedia.com/articles/pf/08/consolidate-debt.asp
—Rebuild.org: Discusses debt-consolidation process and considerations. http://www.rebuild.org/news-article/60-second-guide-to-debt-consolidation-loans/