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What Is Debt Consolidation, and Should I Consolidate?

What Is Debt Consolidation, and Should I Consolidate?

With the U.S. economy officially in a recession and historic unemployment numbers, many people are feeling the squeeze. According to a recent NextAdvisor survey, more than half of all Americans have felt anxiety over their personal finances in recent months, with debt being a significant contributor.

While debt is an everyday part of life for many, it can snowball into big problems when you fall behind on payments. But there are things you can do before you fall too behind on your debt. Debt consolidation may be a way to lower the interest rate or monthly payments of your current obligations. But this isn’t a solution for everyone, and with so many different ways to consolidate debt, you should be thoughtful about what might make sense for you. Continuer la lecture de What Is Debt Consolidation, and Should I Consolidate?