Getting into debt is really easy if someone is willing to give you a credit line. It’s the getting out of debt that is the hard part.
Many financial gurus advise against debt consolidation. There’s the old adage of “You can’t go into debt to get out of debt.”
While consolidating does have its risks, it can be beneficial in helping you turn your finances around.
Pros and Cons of Consolidating Debt
First let’s look at the positives and negatives of using debt consolidation to helping you get out of debt once and for all.