Its easy to feel overwhelmed by high-interest debt, especially. If you have debt from multiple lenders. In order to stay afloat, you might make monthly payments that only cover interest, barely making any progress towards paying down the principal balance.
But there is a path forward. Debt consolidation is a strategy that combines multiple debts into a single payment at a lower interest rate, which can help you get out of debt faster. If you have high-interest debt under different accounts, co…
Read the full article at: https://time.com/nextadvisor/loans/personal-loans/debt-consolidation-loans-bad-credit/
