Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: how can debt consolidation help you when your in debt?
A: Debt consolidation can help a person in debt psychologically by providing a sense of relief. Financially, the person in debt will also have a smaller monthly payment once debts are consolidated than when they were separate.
Get an answer
Original conversation
User: how can debt consolidation help you when your in debt?

Weegy: I cannot say for sure, if you plan well and spend wisely it will get better :)
sls23|Points 1027|

Question
Asked 2/8/2011 9:26:36 PM
Updated 8/31/2014 1:58:19 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
New answers
Rating
3
Debt consolidation can help a person in debt psychologically by providing a sense of relief. Financially, the person in debt will also have a smaller monthly payment once debts are consolidated than when they were separate.

Added 8/31/2014 1:58:19 PM
This answer has been confirmed as correct and helpful.
Comments
It can help you to pay faster the money back.Debt Settlement is a negotiation by a settlement service provider or lawyer with your creditors to pay back a portion of your unsecured debt. You make monthly deposits into a debt settlement account in an amount you can afford. You do not make monthly payments to your creditors. When settlements are reached with creditors, settlement payments are paid from the debt settlement account. Settlement will have a negative impact on your credit.
Added 2/8/2011 10:47:24 PM
Add an answer or comment
Log in or sign up first.
27,010,316 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
S
L
Points 254 [Total 272] Ratings 0 Comments 184 Invitations 7 Offline
S
L
R
Points 135 [Total 286] Ratings 1 Comments 5 Invitations 12 Offline
S
L
Points 130 [Total 130] Ratings 0 Comments 130 Invitations 0 Offline
S
R
L
R
P
R
P
R
Points 66 [Total 734] Ratings 0 Comments 6 Invitations 6 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
P
Points 62 [Total 13329] Ratings 0 Comments 62 Invitations 0 Offline
S
L
1
R
Points 34 [Total 1450] Ratings 2 Comments 14 Invitations 0 Offline
S
L
Points 10 [Total 187] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 13] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.