If youre considering debt consolidation or debt settlement, be sure you understand the differences between these similar-sounding options. (iStock)
Debt can keep you up at night especially when you owe multiple creditors. If you have credit card debt, medical billsand outstanding loans, staying on top of monthly payments can be overwhelming. If youre interested in paying down debt by bundling it together also known asdebt consolidation you may want to consider apersonal loan.
In fact, one of the mostcommon reasons borrowers take personal loansis to consolidate debt. Its a solid option, but when exploring ways to pay down your balances, its easy to confuse debt consolidation and debt settlement.
Whenever you’re conside…
Read the full article at: https://www.fox10phoenix.com/money/debt-consolidation-debt-settlement-difference
