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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.
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