Image: Pixabay
The pros and cons of debt consolidation
If youre considering starting a business, applying for some finance, or just looking to simplify your financial affairs, then you may be considering whether debt consolidation is a step you should be taking.
Is debt consolidation right for me?
In simple terms, debt consolidation is bringing together all of your outstanding liabilities into a single credit facility. For example, if you have a number of different credit cards, you could transfer the outstanding balances into an unsecured loan (and close down the credit cards). Not only does this simplify the number of different lines of credit you are juggling, but it will most likely reduce the costs of your repa…
Read the full article at: https://www.gaystarnews.com/article/debt-consolidation-2/