As we come to the far end of 2011, the economists give a retrospective glance at the economy to check where we stand. Though individual bankruptcies are falling, yet that doesn't speak much about the improving financial behavior of the US consumer, who is still being supported by the record federal stimulus.
Consolidating debt is done through multiple methods: home equity loans, home equity lines of credit and cash-out refinancing. Cash-out refinancing has become popular; here are its risks and benefits.
Debt consolidation loan is an effective way to eliminate piled-up debts. However, a debt consolidation loan can't help get rid of all your debts in a few days and get your accounts straight like nothing ever happened. Though that would make things convenient, that's not how it works.