Anonymous asked in Business & FinanceOther - Business & Finance · 1 month ago

Can debt consolidation be trusted?

I talked to somebody but the fact that they are so pushy about agreeing makes me wary.  I have heard that they can make things worse for people.Anybody know from first hand experience or know somebody that used it? Is it a good thing or not?

2 Answers

  • kswck2
    Lv 7
    1 month ago
    Favorite Answer

    You would do better going to a bank and explaining you need to loan to consolidate your debts. They will help you. 

  • Anonymous
    1 month ago

    Many of them are just fee based and they take your money and then distribute it between the lenders after their fee.

    Makes little sense to pay when you could do it yourself.

    I doubt they steal your money but they are not worth what they charge and there are free services out there.

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