[Jennifer]

I’d like to see what you have.

[Steven]

It is betternto pay them using the snowball. If you cannot afford the payment, you can consolidate with a loan, ONLY IF you cancel and cut the cards. Otherwise you will make the problem way worse.

[Jessica]

Snowball. There is a motivation and encouragement you get with the small wins of paying off the small debts you don’t get with consolidating loans.

[Jessi]

Just snowball.

If you consolidate it doesn’t really change the behavior because the temptation to think it is handled is there.

Also, if you have a lot of debt you may be able to negotiate it down.

[Kevin]

You’ll likely get several answers to this. However, when we were in that step we learned the game is about paying as much to the principle as possible. Consolation is a bit of a debt transfer. Same debt, different debtor. So strategizing hitting that principle (wherever it is) so as to reduce the interest hit helped us. At that time, we played the balance xfer game with their 0% interest offer. then pounced on tackling direct principle payments in that window. In addition to no more debt changes, this did make a significant dent in the overall debt balance(s). Along with the smallest to largest order.

[Michele]

The best way to get out of and stay out of debt is by using the debt snowball method. Dave calls that CONsolidation. Work the steps and you’ll do great. Good luck on your journey to financial peace.

[Author]

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