Avoid falling into the trap of using repeated debt consolidation loans to deal with your debts. Instead, create a budget, set financial goals and work step-by-step to get back on track and stick to your goals.
Q: My husband and I have been looking at options how to deal with what we owe, and debt consolidation has been suggested by our families and our bank. Over the past few years, due to me going back to school for graduate studies and him being diagnosed with a long-term illness, we have accumulated close to $30,000 in credit card and other types of debt. His illness is now stable and he can work part time. My studies are complete and my income has gone up signific…
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