Consolidated vs consolidating financial statements

Everyone’s situation is different and there are always options.Let Debt Fix guide you through the process and present suitable and affordable options to you today so that you can once again feel in control of your finances.

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If you have a debt problem and you intend to refinance your multiple debts by swapping debt for one, cheaper debt, it's essential that you cancel the old credit facilities otherwise there is a risk that you will come to use those facilities again and ultimately find yourself in twice as much debt than when you started.

If you have a debt problem and you intend to refinance your multiple debts by swapping debt for one, cheaper debt, it is essential that you cancel the old credit facilities otherwise there is a risk that you will come to use those facilities again and ultimately find yourself in twice as much debt than when you started.

A person once said to me that when you’re in a hole and you want to get out of it, the first thing you should do is stop digging.

In other words, when it comes to addressing a debt problem, perhaps more debt is not the solution.

This may seem like a contradiction to what’s been mentioned previously in this article but it’s important to present a balanced view including both pros and cons.

Last modified 02-Apr-2018 19:56