Do-It-Yourself Debt Consolidation

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One way to do a home debt consolidation would be to get a no-interest loan from a family member of loved one. Try a do-it-yourself debt consolidation at home or work with help from the owner of a debt negotiation company in this free video on debt and money management.

Part of the Video Series: Debt Consolidation & Management
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Video Transcript

Hi, my name is Peter Repak, I'm the owner of Clear Financial, LLC, we are a debt negotiation company. I'm going to talk to you about "Do It Yourself Debt Consolidation". Well that's a really interesting subject because, could you consolidate all of your debt into one? Yes. The way to do that is you actually ask one of your relatives or your Mom or your Dad to give you a no-interest loan that you can consolidate all of your debt with. Or sometimes you can ask your company for a loan with no interest and then that way you could consolidate, on your own, yourself, your debt into one. Will that really help you? Yes it could help you if the loan that you are getting from someone in your family is a no-interest loan. If there is interest that's not really going to accomplish too much, maybe it's going to make your life a little bit easier as far as how you are going to pay it. However that's pretty much what I can tell you about trying to consolidate your debt on your own. My name is Peter Repak, I'm the owner of Clear Financial, LLC, and thank you for watching.

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