If debt is affecting your finances, you may have a share of the $4 trillion in non-housing debt tallied in the first quarter of 2019 by the Federal Reserve Bank of New York. Of all household debt, $623 billion is late or overdue, the Fed found.
Consolidating with a personal loan is one way to tackle your debt. Known as adebt consolidation loan, it can simplify your payments by rolling multiple bills into one, lowering your interest costs and helping you get out of debt faster.
But there are misconceptions aboutusing a loan for debt consolidation, including how much it costs and how long it takes. Here are common myths about debt consolidation loans and…
Read the full article at: https://www.usatoday.com/story/money/2019/06/11/debt-consolidation-dont-listen-these-5-myths/1403162001/