Consolidating debt bad your credit
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Credit cards and other high-interest unsecured debt (debt not backed by collateral) are the main reasons many people consider debt consolidation.Student loan consolidation can be a big help to recent graduates struggling to pay multiple student loans after leaving school.It can be a good way to simplify the payments — a new student loan for every year or semester can mean a number of different hands in your pocketbook — as well as potentially trade a variable interest rate for a fixed one.Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.
A few weeks ago, while in line at the grocery store, I glimpsed a woman whose wallet held more credit cards than I’ve ever seen in one place.You’ll want to comparison shop loan terms, as well as check out the reputation of the providers, before entering an agreement.