Is debt consolidation a good option? I am a businessman and I have some debts in the form of a home loan and an auto loan.
And also, my business profit is average. So, I need to do something to fix the debts. What is debt consolidation? I have seen, the advantages are low-interest rates, low monthly payments and getting rid of too many bills. Can anyone explain me all these?
Once we have agreed to the debt consolidation plan, it's important to understand the potential consequences first. What are the consequences? Any idea?