eHow launches Android app: Get the best of eHow on the go.

Debt Consolidation FAQ

Video Preview

Summary: Debt consolidation is the process of getting a loan to try and get rid of other small loans, such as car loans, student loans or credit card loans. Reduce the cost and interest rate of debt with help from an experienced businessman in this free video on credit card debt.

Views:
211
Presenter
By John Niemira
eHow Presenter

John Niemira is a professor of business at Stevens-Henager College in Salt Lake City, Utah.read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"Hi my name is John Niemira. Today I wanted to speak to you about debt consolidation. If you're in the situation where you have a lot of debt, you really might want to think about debt consolidation. Debt consolidation is a process of getting a loan to try and get rid of all those small loans you have whether it's car loans, student loans, credit card loans, whatever it might be. With varying interest rates, a lot of them with very, very high interest rates, a good way to solve that is to get debt consolidation either whether you do it through a home loan or a personal loan or use it through a savings or a 401k that you cash in or something like that with a better interest rate. Consolidating all these small loans not only makes it easier for you in paying bills on a monthly basis but it reduces your credit. The cost, the interest rate, it reduces how much you're putting out each month and all the time and the heartaches it takes whether you're getting calls from creditors or having problem with it. If you need anymore information on this subject or any other subject in the business field, my e-mail address is jniemira@gmail.com."

eHow Article: Debt Consolidation FAQ

Related Ads

  • Have you done this? Click here to let us know.
Personal Finance
Mark P Cussen, CFP, CMFC,

Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.

Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance