Talie Croad says it is tempting to get into more debt once you feel more in control.
Talie Croad had racked up $13,000 in consumer debt when she decided something needed to be done about it.
There was money owing on a Q Card, credit cards, a personal loan and smaller amounts due to people she knew. She figured putting it into one loan would make it easier to handle.
She rolled all the debts into one, with Westpac, on an interest rate of just over 16 per cent. “It had definitely got a bit out of control,” she said.
Debt consolidation loans are often marketed as somethi…
Read the full article at: http://www.stuff.co.nz/business/80049480/do-the-numbers-before-jumping-on-debt-consolidation-loans