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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Is it a Good Idea to Consolidate Debt?

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Real Estate, Education, Investing, Self-improvement, Business, Money

4.6858 Ratings

🗓️ 1 March 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this episode Quint and Daniel dive into the viability of debt consolidation.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.m. Now, enjoy this episode.

0:21.3

Welcome back, ladies and gentlemen, you are listening to D.I. Money.

0:28.0

Yeah, I want money.

0:29.6

All right, we've got a great question today from Joe in Florida.

0:35.7

Joe, what do you got?

0:37.4

D.I. Hey, Quinn. Hey, what do you got? D-I-Y!

0:39.2

Hey, Quinn, hey Dan.

0:40.9

This is Joe from Florida.

0:42.7

So one of the questions that I've noticed that hasn't been brought up yet is credit and debt consolidation.

0:49.3

I've had some pretty bad luck with some mechanical breakdowns over the last couple of years going from car to car and bike to bike.

0:55.8

So my credit cards are a little out of control.

0:58.5

What are your thoughts on credit consolidation?

1:00.8

Should I go with a credit consolidation loan or talk to a company that can negotiate for me

1:06.0

to bring the cost down?

1:08.2

All right, Daniel.

1:09.5

This is interesting.

1:11.6

I want to start.

1:14.5

Go for it.

1:15.2

Can I start?

1:15.6

Mixing things up.

1:16.5

Shut up.

1:17.0

Listen, look, the only difference between the hero and the coward is the hero is willing to go for it, right?

...

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