Comments on: This Credit Card can help you secure a Home Loan

By: John Jones

John Jones — Thu, 24 Dec 2009 12:14:49 +0000

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By: sudha

sudha — Mon, 30 Mar 2009 06:49:37 +0000

I agree with Yes2Property. consolidating Credit is the last thing which should be done. Debts are the worst things ever. Which needs to be paid off. As Yes2Property mentioned you eventually end up in a bigger hole and never can come out of it.

By: Konferens Stockholm

Konferens Stockholm — Tue, 24 Feb 2009 06:45:39 +0000

Debts make a huge mess in the long term. Credit cards automatically makes you fall in to this debt problems. And once it does it’s like digging your own grave. I’m not saying credit cards are bad. But if things go out of hands with it, your in deep trouble. So why take the risk. That’s my point.

By: Yes2Property

Yes2Property — Thu, 04 Dec 2008 05:47:52 +0000

I personally think consolidating debt is the last thing you should do.

By doing this you lose more money over the long run, and if you could not control your spending before, why would you be able to now.

Before you know it you have used all those “paid-off” credit cards again, and you consolidate again, and you get deeper in to the debt trap and eventually you lose your house ’cause you can not afford the payments.

You should always try to pay off your debt, even if that means tightening the belt a bit.

I am not saying that it can’t work just that you should be very careful when doing it.

By: Christie

Christie — Wed, 19 Nov 2008 06:25:05 +0000

Always a good idea to consolidate debt if the terms and conditions are right for a credit card and take advantage of any interest free perios to try and knock down the balance.