Too many loans. Need some advice

hayat208

New member

Member since 21 June 2017

hayat208

07 July 2017 08:58:22

hayat208

07 July 2017 08:58:22

Hi, I'm in too many debts. Like 3 credit cards, car loan. Its being too hectic for me to pay all these from my monthly salary itself. Can anyone suggest some solution for this. And i read about debt consolidation loan http://www.mymoneysouq.com/financial-bl … good-idea/ . Does this really works?

Fred

Indonesia Expert

Member since 02 August 2009

West Java

A smile is the universal welcome.
Max Eastman

Fred

07 July 2017 15:51:56

27505

Fred

07 July 2017 15:51:56

27505

West Java

https://www.edx.org/course/subject/math

sanianehwal

30 August 2017 11:20:21

sanianehwal

30 August 2017 11:20:21

You can improve your credit score with these ways

Watch those credit card balances.
Eliminate credit card balances.
Leave old debt on your report.
Use your calendar.
Pay bills on time.
Don't hint at risk.
Don't obsess.

XTang

Bahrain/UAE/Saudi Arabia Expert

Member since 22 April 2014

Riyadh

XTang

16 September 2019 09:44:44

11242

XTang

16 September 2019 09:44:44

11242

Riyadh

You don't need a chartered accountant for personal financial management.

You just need discipline to not continue to pile up even more debt.

Debt consolidation is an alternative but be aware that all it does it move all the loans into one bucket. So instead of separate payments, you just make one. It makes it easier to plan for but you still need to manage your expenses and instill financial discipline.