la428282 asked:


My debt is as follows:
Student Loans: approximately 25k
Credit Card : 5,500
Car Loan: 8k

I am about to enter my 3rd year in my first “real job” after college- and i think its time to get ahold of my finances. I am no longer taking loans (obviously) or using my credit card.. and my each religiously monthly.

But.. ive heard about debt consolidation loans and im confused:

1. do they lower your monthly payment?
2. Do they negatively affect your credit?

If someone could explain what they are, if theyd be good for me, pros and cons etc id really appreciate it!

thanks!

Credit Card Consolidation Debt

Bryant asked:


for a single guy (no kids) with a yearly income $120,000 and only debt is student loans $65,000
1. Investing- would it be ok to max invest in a profit sharing retirement plan with a company that matches $3 for your $1? And also invest and max a Roth IRA plan?
2. Student Loans- after consolidation, would $1000/month be a good plan?
3. Buying a House- what price range would be the best for a first-timer with this status and income
4. Buying a Car- I like to drive nice cars and get a new one often at least every 2 years. I already have a car I own, so would leasing be a good choice?
I also have excellent credit score. Have never been late on any payment. The area that I’m moving to upon graduation in May is Florence, SC.
PharmD- Pharmacist

Credit Card Debt Counseling

kll asked:


I am 25 and i am tying to put my life togehter and clear up my credit what’s the best way?

Bad Debt Consolidation

Captainpoopypants asked:


I currently have about $4,000 worth of credit card debt..not a huge amount, but a burden on the brain nonetheless. I make about $1,100 a month (yes..I’m in college) and was wondering what a fast way to get my cards paid down would be.

Do debt consolidation loans hurt your credit? Right now they don’t sound like a good idea.

Anybody have any strategies they use to get their cards paid down?

Student Loan Debt Consolidation