Is consolidating credit card debt a good idea


Look at a variety of scenarios and speak to a representative from your preferred lender in addition to a student loan representative to find out what your very best consolidation option will be.



It may turn out that the best option is to consolidate student loans together using a special program and then consolidate credit card debt using another method, such as a balance transfer or consolidation loan.Instead, the student loan simply becomes unsecured debt, unless consolidated with a home equity product, in which case it is secured debt but still not considered a student loan.When would it make sense to consolidate student loans and credit cards together?Well, you have to do the math, and then you have to figure out if you are just giving yourself more rope with which to hang yourself.



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