May 14th, 2010 | 
Author: I have a bunch of small loans ( auto, credit cards, etc) and it’s really annoying keeping track of. Would it be a good idea to apply for a perosnal loan, payoff all my little loans and just have one bill a month instead of 5 that are due at all different times?
Posted in Personal Loans | 
Tags: auto credit, Car Credit, Car Loans With Bad Credit, Check Auto, Check Loans, Consolidate Loans, Credit Auto, Credit Cards, Credit Check, Credit Loans, different times, fast loans, loan payoff, loans auto, Loans Personal, Loans With Bad Credit, No Credit Check Auto Loans, Personal Loan
Depends on what your intentions are going to be. Are you trying to prolong your debt? or trying to pay it of faster?
If you consolidate and just start charging again it makes no sense. If you consolidate and your new payment is 500 a month instead of 1000 you pay at different times, pay the 1000 even though its a 500 dollar payment.
It will help your credit to only have one bill instead of 5 other open bills.
If you are trying to get rid of debt thats one option, if you just want one bill that works too. I dont see anything bad about it, unless you are prolonging your debt.