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

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

    "The ideal candidate for debt consolidation is someone with a credit score of at least 670 and a debt-to-income ratio of 35%, meaning the debt payments are no more than 35% of their income," says ...

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

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

    Debt consolidation vs. personal loan Debt consolidation is a form of debt refinancing in which the borrower takes out a loan, credit card or line of credit and uses it to pay off other debts.

  4. 8 Ways to Use a Debt Consolidation Loan for Your Credit Card Debt

    www.aol.com/8-ways-debt-consolidation-loan...

    Shop for a Debt Consolidation Loan: Look for lenders offering debt consolidation loans with favorable terms, such as lower interest rates than what you're paying on your credit cards, and longer ...

  5. 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.

  6. Debt Consolidation vs. Debt Settlement: Which Is Best for You ...

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

    Let's explore these two debt management strategies to help you make an informed decision. Understanding the difference between debt consolidation and debt settlement is crucial for managing your ...

  7. Pros and cons of a balance transfer - AOL

    www.aol.com/finance/pros-cons-balance-transfer...

    You can consolidate debt payments. Depending on the credit limit you’re granted, your new credit card may allow you to transfer multiple credit card debt balances onto one card.