# Debt Consolidation Loans

**URL:** <https://community.clark.com/t/debt-consolidation-loans/5888>\
**Category:** Uncategorized\
**Created:** [August 6, 2024, 12:18am UTC](https://community.clark.com/t/debt-consolidation-loans/5888 "2024-08-06T00:18:33Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![JadyBear2023](https://avatars.discourse-cdn.com/v4/letter/j/a698b9/32.png) [@JadyBear2023](https://community.clark.com/u/JadyBear2023)\
**Post date:** [August 6, 2024, 12:18am UTC](https://community.clark.com/t/debt-consolidation-loans/5888/1 "2024-08-06T00:18:33Z")

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Are debt consolidation loans a scam?

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**Author:** ![kcflyer](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/kcflyer/32/3346_2.png) [@kcflyer](https://community.clark.com/u/kcflyer)\
**Post date:** [August 6, 2024, 1:05pm UTC](https://community.clark.com/t/debt-consolidation-loans/5888/2 "2024-08-06T13:05:44Z")

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If you can take that loan, pay off credit cards and then close all of them so that you can’t run them up again, they should be fine. The trouble is - once they are “paid”, there is a full credit line available again which can be tempting to tap into.

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**Author:** ![p1g1](https://avatars.discourse-cdn.com/v4/letter/p/cab0a1/32.png) [@p1g1](https://community.clark.com/u/p1g1)\
**Post date:** [August 6, 2024, 2:38pm UTC](https://community.clark.com/t/debt-consolidation-loans/5888/3 "2024-08-06T14:38:04Z")

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> [@JadyBear2023](#):
>
> Are debt consolidation loans a scam?

Avoid the for profit companies that advertise, charge a significant fee and recommend approaches that may not be beneficial. Consider instead using a non-profit credit counselling organization. Their fees are minimal and they are available at the National Foundation for Credit Counseling website at [www.nfcc.org](http://www.nfcc.org)