Wednesday, October 17, 2007

Bad Credit Consolidation Loans- Out of the Frying Pan into the Fire

So you’ve found yourself in a bit (or a lot) of consumer debt and you want to do something about it. It’s time to ‘take action’ and stop burying your head in the sand hoping it will all go away because by now you’ve realised it won’t.

You want someone you can trust who will give you impartial advice with your best interests at heart. There’s the challenge- the banks want your money so they will advise you to borrow more money to pay back over a longer period with more interest for them. The third party loan companies want the same only they’ll charge a higher rate of interest and get nastier if you fail to make any repayments.

Debt management firms who offer to ‘wipe out’ large percentages of your debt and take over all contact View the rest of this article


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