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Pros and cons of debt consolidation: Is it a good idea?
Debt consolidation is a good idea if it helps you meet your financial goals, but not if you use it to free up revolving credit or refuse to change how you spend and manage your money.
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Personal loans are a general financial product that gives you access to funds you must pay back over time, and debt consolidation loans help you bundle multiple types of debt into one monthly payment.
Fixed monthly costs, lower rates and simplified repayment are potential benefits of debt consolidation Written By Written by Loans Deputy Editor, Buy Side Jessica Ullrich is Deputy Editor at Buy Side, ...
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