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Anyone have any experience with debt consolidation? I finally found a job, but I've dug myself into a fucking hole that I can't get out of. Looking into debt consolidation to alleviate some of the burden, but don't know if it's effective or if there's anything I need to look out for.

Slaughterhouserock wrote: ↑Sun Jan 29, 2023 3:20 pm Anyone have any experience with debt consolidation? I finally found a job, but I've dug myself into a fucking hole that I can't get out of. Looking into debt consolidation to alleviate some of the burden, but don't know if it's effective or if there's anything I need to look out for.

We did a debt consolidation loan and it worked great for us but I think it all depends on what sort of interest rate you can get on it. Having one reasonable interest rate payment instead of several high interest payments is nice.

Shop around for the best interest rate

Wish I could help but I'm also in a massive debt hole (my AES student loan outweighs the credit cards, but both are large). I did just finish paying down two credit cards this weekend, so that feels nice.

I tried getting one of those credit cards that you can transfer the balances to that's supposed to help, but the limit they gave on it doesn't really do squat.

Got a meeting scheduled tomorrow to try and figure something out. Hopefully it's better than the shit I'm dealing with right now.