paying off credit question

Paying off your debts on your own is most cases better than a debt management plan. Those will destroy your credit and cost you a ton of money. A debt consolidation loan however, if you have excellent credit, is a good idea if the interest on it is lower than your credit card debt.

Paying off debt on your own is a good idea. There is no point in depending on the debt management programs if you can take care of your debt all by yourself. You'll be able to save money through this. The debt consolidation loans will prove beneficial only when they have a low interest rate on them. Further, you'll need to have a good credit to stand eligible for such loans. Debt consolidation loans are really effective in consolidating multiple debts.