A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking … - Jean Chatzky

Same topic Authors

Quote of the day

Apple isn't the next Microsoft, you see. Apple is not the next anything because the role it aspires to transcends anything imaginable by Microsoft, ever. Google is the next Microsoft, so Google is seen by Ballmer as the immediate threat - the one he has a hope in hell of actually doing something about.

Jean Chatzky

A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.

Home, Mortgage, Pay, People, Personal

Same Author Quotes

Buy experiences, not things. Spending on experiences makes people happier than spending on things. Things get broken and go out of style. Experiences get better every time you talk about them.

Broken, Happier, People, Style, Talk

You can have a do-over starting today. But you have to get over the feeling that it's too late

Feeling, Feelings, Starting, Today, Too Late

It's not about having it all. It's about having what you value most.

Having, Inspiring, Value, Values

Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances are, you're not getting many offers anyway. But if you do, remember that the less credit you have available, the less trouble you can get into.

Available, Cards, Credit, Lines, Turn

By definition, saving - for anything - requires us to not get things now so that we can get bigger ones later.

Bigger, Money, Powerful, Saving, Things