Debt consolidation

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A guide to debt consolidation

Rounding it up

  • So you have some debt; maybe a lot of it. The simplest way to manage it is debt consolidation so you have one loan with a single monthly payment.

  • It’d make your life a lot easier, and you’d be less likely to pay something late because you lost track of it. It can also reduce your overall cost of borrowing.

  • There are many ways to consolidate debt, but most people end up either bundling their debt into an existing mortgage or taking out a personal loan.

  • If debt consolidation isn’t an option for you, consider speaking with a non-profit credit counsellor to devise a repayment strategy.

7 min read

Rachel Surman
#debt#debt consolidation#mortgage#loan

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