Credit Card Debt Consolidation: Top 3 Factors to Consider
If you’ve got a number of credit cards and insurmountable credit card debt, then perhaps it’s time to consider a debt consolidation loan.
A consolidation loan is a loan that you can use to pay off all your debts, meaning that you can pay them off for less money without having to worry about lots of different bills.
For instance, if you had borrowed $3000 five years ago, you may now owe $5000 (principle plus interest).
A debt consolidation program may involve eliminating some amount of interest so that you pay less than $5000.
A consolidation loan is a loan that you can use to pay off all your debts, meaning that you can pay them off for less money without having to worry about lots of different bills.
For instance, if you had borrowed $3000 five years ago, you may now owe $5000 (principle plus interest).
A debt consolidation program may involve eliminating some amount of interest so that you pay less than $5000.
Read more at: Credit Card Debt Consolidation: Top 3 Factors to Consider
posted by e-borneo.com @ 5:49 PM
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