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  • Added for You - Debt Consolidation – Four Things to Think About

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    A great number of people owe too much money on their credit cards. Credit card debt is rampant in the United States; the average balance is nearly $3000. A single large balance might be manageable, but many people owe thousands of dollars on each of several credit cards, a problem that could lead ot a financial catastrophe. Debt consolidation companies promise solutions by offering a single loan to replace all of the small ones. For some people, that can work, but there are four things that should be considered before jumping in to a debt consolidation plan
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    that can work, but there are four things that should be considered before jumping in to a debt consolidation plan.

  • Interest rates – Any loan that replaces a credit card loan is usually a good idea, as credit card interest rates often exceed 20% per year. Debt consolidation loans usually have more affordable interest rates, but you should shop around in order to make sure that you get the best interest rate available.
  • Length of the loan – The main selling point of debt consolidation loans is that they lower your payments. Consolida

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