Consolidation Loan Tip

Here is a tip that I found yesterday:

The truth is, you probably have more options then you realize. Traditional "consolidation loans" from a financial institution may not even be your best choice. Instead, you may want to think about:

* using credit cards
* a home equity loan
* a loan from your insurance policy or retirement plan
* a loan from a relative to consolidate

Each of these options can be extremely helpful or extremely dangerous depending on how you use them. The key when you consolidate is to create a plan that will have you out of debt in three to five years, and to stop adding to your debt

I came across this tip while Googling for tips. It came from the nice people over at Gay Mortgage Loans.

Click here for the whole article.