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how can debt consolidation help you when your in debt?
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Asked 2/8/2011 9:26:36 PM
Updated 8/31/2014 1:58:19 PM
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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.
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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
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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
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