Is it wise to consolidate my credit card debt while implementing the Transforming Debt into Wealth® System and using the accelerator margin?
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.
Related Questions
- Is it wise to consolidate my credit card debt while implementing the Transforming Debt into Wealth® System and using the accelerator margin?
- Is it wise to consolidate my credit card debt while implementing the TDIW system and using the accelerator margin?
- What is the best way to consolidate credit card debt?