Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

278
Posts
132
Votes
Will C.
  • Rental Property Investor
  • Richmond, VA
132
Votes |
278
Posts

Whats the catch with debt consolidation companies?

Will C.
  • Rental Property Investor
  • Richmond, VA
Posted
So I keep getting these debt consolidation letters in the mail and usually I just toss them not giving a second thought. I decided to open one today just out of curiosity. Are these companies legit or is there some fine print catch going on here? On the surface it looks like a no brainier, trade high interest debt for lower interest debt, save thousands on interest. Just wondering if this could be a short term solution to lower monthly payments until I ELOC equity from my last renovation to pay back high interest debt. Thanks
  • Will C.
  • Loading replies...