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Should I consolidate debt with a loan now?

Submitted by Hicks on Wed, 12/09/2020 - 19:28

Since the interest rate is low right now. So is it the right time to consolidate that with a loan?


It is a good idea.

With the debt consolidation loan, you will be able to make your interest rate lower and make a faster payment to clear your debt.

Submitted by Ryan Miller on Thu, 12/10/2020 - 03:03

Ryan Miller

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Are you facing problems with your credit card debts? If so, you can take out a balance transfer card and if you have a decent credit score, you may take out a 0% (for an introductory period) balance transfer card. By doing so, you can consolidate your multiple credit card debts and save a lot of money on interest payments too.

Submitted by Craigh.terry on Thu, 12/10/2020 - 22:27


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Depends on the interest rate. According to Bankrate, the lowest interest rate you can get is 7%. What is your current interest rate? Is it above 7%? Can you afford to pay 7% interest on a new loan? Think carefully.

Submitted by David Martin on Wed, 12/16/2020 - 01:33

David Martin

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