Debt Consolidation
Debt consolidation programs are good for a few situations. If you are paying several different loans off, your life may be easier if you consolidate everything into one loan. Youll only get one monthly statement and make one payment. Also, youll find that your monthly debt payments decrease if you use a debt consolidation program that stretches your payments out over a longer period of time. This means that youll pay out less each month and you can free up some cash. A tempting (and sometimes successful) strategy is to use a debt consolidation program to manage various high-rate revolving debts.

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