Debt Consolidation

With the economy going as it is now, a lot of people are struggling to pay their bills. we are not an exception of that and last year we made a very important decision to straighten up our finances. With credit card interest rates going up the roof, it is not healthy to keep them open, so what we did was cut them off and made a firm agreement that if we can't buy it cash, don't buy it at all.

We looked for a bank that offers debt consolidation loans and we tried to apply for it. But they are asking for so many documents so we looked for an alternative debt consolidation. That was the best thing we ever did and it made our finances and our credit score sky rocket. We are still paying for our debt consolidation loan but it is in a way lower interest rate than credit cards and more money is going to the principal than to the interests. We assumed that if we keep on going like this, we will be debt-free in 3 years and our lives would be way better that it ever was.