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  2. How does debt consolidation work? Answers from someone who’s ...

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    Debt consolidation loans can help you manage your debt, but only if you can afford to make the monthly payments now and in the future. Debt consolidation is a popular way to manage and organize ...

  3. Debt Counselors: Which of These 3 Ways To Consolidate Debts ...

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    A consolidation loan is a single loan used to pay off multiple debt balances, according to Martin Lynch, president of the Financial Counseling Association of America (FCAA). To qualify for one of ...

  4. What is a debt consolidation loan — and can it help you lower ...

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    A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...

  5. Debt consolidation vs. debt payoff vs. debt counseling: What ...

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    After comparing lenders online, she qualifies for a debt consolidation loan at 12% interest for five years. Her new single payment is $556 monthly, saving her $194 per month and about $4,000 in ...

  6. How to consolidate debt without hurting your credit

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    Lower interest rates: Depending on your credit score, you could find yourself paying a lower interest rate through a debt consolidation loan or credit card transfer. A lower interest rate means ...

  7. How to avoid bankruptcy in retirement — and safeguard your ...

    www.aol.com/finance/avoid-bankruptcy-in...

    While a debt consolidation loan works to simplify multiple debts into a single payment, ideally at a lower overall interest rate, debt relief or debt settlement involves negotiating with your ...

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