Debt consolidation could make your outstanding obligations more manageable. Here’s what you need to know.
A lot of people had debt before the coronavirus pandemic began. But at this stage of the game, it’s fair to assume there are many folks who’ve had no choice but to add to their debt due to the ongoing crisis.
If you’re carrying a balance on multiple credit cards, or have a few different loans outstanding, you may be wondering if debt consolidation is a smart move. The quick answer? It could be.
How debt consolidation works
Debt consolidation is the process of converting different debts into a single loan. You make one single payment each month rather than keeping track of multiple payments. Debt consolidation could also make you…