03-18-2023, 02:54 AM
This is kind of an embarrassing story. the start of the pandemic, I was in the craze of becoming an online entrepreneur. I spent thousands of dollars that I didn't have in courses, mentors, of services. Now I racked up a whopping $15k debt in 2 credit cards and a line of credit. I've been finding it hard to keep up with the minimum payment on all three accounts. I recently got a decent paying job with a stable stream of income. So lately I've been reading up on debt consolidation and its pros and cons. Also seeing ads of debt reduction through consolidation. I feel like whenever someone is advertising something, there's always a catch! Has anyone any experience in this? Would consolidating my debt be a good idea for me? If so, at what interest rate would I give up the idea?