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

shadow77 asked:


I have not finished college, and I dont know If I will ever be able to go back unless I join the military. I ruined my credit rating because I was unable to pay off my debt and now I am working just to get by and pay off a tiny portion of it. I am considering going into the military to help me with my school debt, because this seems like its the only viable option. Debt consolidation might make sense, but I dont know what I would do if I were to lose my job and be unable to pay off the consolidation company. I’d ruin my credit even further…
I want to go back to college while I am young. Do I have any other options?

Reduce Credit Card Debt

love&lost asked:


im have 1 more year till i graduate with an associates cad degree.
problem is i have 20k in student debt from my other school, which i didnt get a degree.
my job pays me $690 every two weeks. i feel stuck. how do i advance?
i dont care about being rich but i do care about living comfortable. anyone got any tips or been there?

Credit Card Debt