So, it simply says that now you've got
rid of your old debts, how long is it going to take to get it back?
Debt consolidation often fails because people continue to use credit to make ends meet, racking up new debt on
top of old debt.
But each person who departs leaves the people who remain with a higher
share of old debts to repay.
The Presidency has said that N2billion Naira, not an outlandish six billion as insinuated, has been has expended on maintenance of the presidential fleet by the Buhari administration between May and this November saying the amount also includes salaries and
repayment of old debts.
I am gainfully employed but I am a sole support mother trying to get
out of old debts so I can get on with my life.
Junk debt buyers and collection agencies will purchase old, often outdated debts for pennies on the dollar and come after you for
payment of these old debts.
One major question on Wall Street is if the long - term downtrend in rates has now reversed, how will the government pay for all of this new debt on
top of the old debt?
Therefore, if you're looking to get
rid of old debt, we recommend the Discover it ® — 18 Month Balance Transfer Offer.
Pile this new debt on top
of old debt, and eventually you find yourself in a situation where you can no longer keep up with your debt payments.
Secondly, if you want to get rid
of old debt, the Chase Freedom Unlimited ® gives you more breathing room to do it.
If you're in a situation where you need to repair your credit rating, then you need to be sure
all of your old debts are paid off first.
So while you are probably saving interest on
some of your old debts, you're now paying more interest on some of the others.