Pros and cons
Date: Fri, 09/03/2010 - 12:59
What are the pros and cons of consolidation?
Quote:Originally Posted by AnonymousWhat are the pros and cons o
Quote:
Originally Posted by Anonymous What are the pros and cons of consolidation? |
The following will be the pros and cons of debt consolidation:
PROS
- Lower Monthly Payments.
- Reduced Interest rates.
- Single Monthly Payments.
CONS
- It will take you longer to pay off the debts.
- With easier debt load, you might start using your credit cards and might get into debts again.
