Debt consolidation may be right for you, but make sure you’re considering all the options.
WASHINGTON — Managing debt can be complicated. We sat down with a financial expert to look at the pros and cons of debt consolidation.
Debt consolidation is a financial strategy that involves rolling up multiple debts into one, and may get you a lower interest rate. But is it right for you?
Financial advisor and coach Maureen Paley says it really depends on you and your situation. It might make sense for you if you have high-interest-rate debt spread across multiple loans and credit cards.
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