Q&A: Is it worth adding charged off credit card accounts to a consolidation loan?

Question by nyreesm: Is it worth adding charged off credit card accounts to a consolidation loan?



Best answer:
Answer by p11king123No... credit card debt is "unsecured" debt... If it ever got bad enough, you could declare bankruptcy... When you take out a loan, you usually have to offer collateral making it a secured loan meaning you pay it off or lose your collateral...

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