DIY Debt Consolidation Pros and Cons
3 ways to weigh the benefits and risks of consolidating debt on your own.
When it comes to solving financial challenges, most people would prefer to do it themselves. Sharing your financial situation with an outsider and asking them to help you solve the issues it can include is often an emotional and mental hurdle that people have to overcome when asking for help to find debt relief.
On the other hand, trying to tackle debt problems on your own isn’t always the best choice. In some cases, choosing the wrong option for debt relief in your specific financial situation has the potential to make the challenges you’re facing with debt worse instead of better. So you have to consider your options carefully before you make the decision to consolidate.