subject: Credit Card Debt Consolidation – Is This Your Best Debt Solution? [print this page] The other situation has nothing to do with savings. Actually you would be spending more money by the end of the loan period. However, by extending the time you have to repay your debt you are lowering the monthly payments that you could not otherwise afford thus risking your credit score if you defaulted on your credit card debt.
Credit Card Debt Consolidation Is This Your Best Debt Solution?