More Americans are exploring debt consolidation to manage high-interest credit card debts, but risks remain.
SACRAMENTO, Calif. — A growing number of Americans are asking about debt consolidation as a potential solution for managing credit card and loan payments.
The process involves combining multiple debts into a single monthly payment — something financial experts say can work in the right circumstances, but not without risks.
Sacramento-based financial coach Maureen Paley says debt consolidation can make sense for people who have high-interest credit card debt spread across several accounts.
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