Too many loans. Need some advice

Member since 21 June 2017

hayat208New member07 July 2017 06:58:22

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?

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Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert07 July 2017 13:51:56

30247

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

sanianehwal Guest

sanianehwalGuest30 August 2017 09:20:21

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/KSA Expert

Member since 22 April 2014

XTangBahrain/UAE/KSA Expert16 September 2019 07:44:44

11974

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.