The coronavirus is taking a heavy financial toll on Americans. Millions of people have been thrown out of work, and the U.S. stands to lose 4 million small businesses this year, says an estimate from Oxxford Information Technology.
If your income has dropped because of COVID-19 and you’re struggling to keep up with your debt, a good solution might be to roll it into something new.
Debt consolidation can offer much-needed relief when you owe money to different creditors, especially if you owe money at high interest rates. By replacing your old loans with a single, better one, you create an opportunity to ease your burden during the current economic crisis.
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Read the full article at: https://finance.yahoo.com/news/debt-consolidation-help-financially-survive-185800640.html