Flashback: Use a debt consolidation service?
Posted on March 6th, 2008 by mbhunter
Mighty Bargain Hunter hosted Carnival of Debt Reduction #24, and this week’s Flashback comes from a post by Blueprint for Financial Prosperity: What Do Debt Consolidation Services Offer?
Debt consolidation services are legitimate. They help you to simplify your debt reduction process by paying your creditors from one check that you give them. This costs money, though, and NCN, who’s gotten out of debt by himself, didn’t think that this was the way to do it. It’s more expensive, you lose a little control of your money, and you can do the same thing for free. And with all of the free resources on blogs like NCN’s, it makes even more sense to try to do it on your own.
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