By Andrew Housser
Debt consolidation is a way of taking out one larger loan that combines all of your debts, so that you have one interest rate and one payment to focus your repayment efforts. Many options are available to consolidate your debts, whether you do it yourself or through a professional firm. To decide if debt consolidation makes sense for you, think about these nine points.
1. Debt consolidation works best for those who are able to pay their bills. Debt consolidation can be a relief for people who are juggling multiple bills or payment due dates. People who struggle to afford even minimum payments, or who have bad credit, might not benefit from debt consolidation.
2. Personal loan lenders offer way to refinance credit card de…
Read the full article at: http://www.msnewsnow.com/story/33190469/9-things-to-know-about-debt-consolidation-loans
