What's the Buzz: How debt 'solutions' could dig you in deeper
Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans that promise relief but could leave them worse off.Paying off high-rate debt such as credit cards with lower-rate loans may seem like a no-brainer. Unfortunately, many of these loans have hidden costs and drawbacks.And consolidation by itself can’t fix the problems that led to the debt in the first place. In fact, such […]
