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If your debt is unmanageable youre drowning in multiple monthly payments, only paying on the interest, or just cant keep track of it all and youre considering debt consolidation, there are a few things to know before you make your decision, starting with what it is. Debt consolidation takes multiple debts, like credit cards and high-interest loans, and rolls them into a single monthly payment, says Annie Millerbernd, personal loans expert at NerdWallet. She adds that its usually done with a balance transfer ca…
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