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

    www.aol.com/finance/debt-consolidation-vs-debt...

    Debt consolidation. Debt payoff. Debt counseling. How it works. New loan pays off existing debts. Self-managed payment of existing debts. Professional guidance and potential debt management ...

  3. Pros and cons of debt consolidation: Is it a good idea?

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    Benefits of debt consolidation. Debt consolidation is often the best way to organize your current debt and simplify repayment. Consolidation, if used correctly, offers benefits that could save you ...

  4. 4 types of debt you can consolidate

    www.aol.com/finance/3-types-debt-consolidate...

    Debt consolidation can make repayment easier by consolidating multiple accounts into a single one. Consolidating debt can save you money on interest and help you get out of debt faster, depending ...

  5. 8 Ways to Use a Debt Consolidation Loan for Your Credit Card Debt

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    Managing credit card debt can feel overwhelming, especially when juggling multiple accounts, balances, and interest rates. Debt consolidation offers a way to simplify this burden by combining your ...

  6. Debt consolidation - Wikipedia

    en.wikipedia.org/wiki/Debt_consolidation

    Debt generally refers to money owed by one party, the debtor, to a second party, the creditor.It is generally subject to repayments of principal and interest. [9] Interest is the fee charged by the creditor to the debtor, generally calculated as a percentage of the principal sum per year known as an interest rate and generally paid periodically at intervals, such as monthly.

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

    www.aol.com/finance/debt-consolidation-loans...

    Debt consolidation loans generally have terms between one and seven years, and many will let you consolidate up to $50,000. But debt consolidation isn’t the only way borrowers can use personal ...

  8. Consolidating Credit Card Debt: How to Simplify Your Payments ...

    www.aol.com/lifestyle/consolidating-credit-card...

    Consolidating your credit card debt could be your lifeline to financial clarity. Instead of juggling different balances and due dates, credit card debt consolidation combines everything into one ...

  9. How to consolidate debt without hurting your credit

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    Faster debt repayment: The main advantage of consolidating debt is combining multiple monthly payments into a single monthly payment. This allows you to direct your payments to a single source.