Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it wise to consolidate my credit card debt while implementing the TDIW system and using the accelerator margin?

April 26, 2017accelerator consolidate credit card debt implementing margin system wise

0

Posted

Is it wise to consolidate my credit card debt while implementing the TDIW system and using the accelerator margin?

1 Answer

0

Posted

Consolidating may help increase your Accelerator Margin, thereby shortening your debt payoff timeline. The thing to do is add in the costs of getting the consolidation loan (that will increase your overall debt in the short term), and then run the debt-elimination numbers both ways — without the consolidation loan and its costs…then with the loan, its costs, and your increased Accelerator Margin. See if the difference in time to payoff is worth the trouble.