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How extensive does it receive in the direction of set up Debt Consolidation?
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I don't understand your question: How extensive does it receive in the direction of set up Debt Consolidation?
Do you mean will debt consolidation help? If that is your question, debt consolidation rarely helps the consumer. Many times when a consumer consolidates their debt the consumer then proceeds to charge again against the available credit lines so now the debtor has not only the consolidation payment to make but the payment to the cc's again! This can be avoided if the debtor/consumer closes the cc accounts once they are paid off.
If you use your home or other property as collateral for the new consolidated credit line, then you have turned your unsecured debt into secured debt which is never good for the consumer.
I hope this helps, I really didn't understand your question well.Filed CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way..
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