Many Americans carry some form of debt. Debt consolidation can help you break free of high-interest debt before trouble arrives. Here, we’ll help you compare online debt consolidation lenders and find out who offers the best terms for your situation.
If you’re asking yourself, “What is debt consolidation?” you’ve come to the right place. We’ll tell you what it is, how it works, and how you can decide if it’s right for you.
What is debt consolidation?
Debt consolidation involves taking out one new loan to pay off high-interest debts (such as credit cards and loans). Because the new loan has a lower interest rate than your original debt, you save money on interest charges. Debt consolidation can also help you get out of debt faster b…
Read the full article at: https://www.fool.com/the-ascent/personal-finance/what-debt-consolidation/
