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Ready to see some $0 balances?
Key points
- You have options when it comes to paying off debt.
- Consolidating your debts involves using a personal loan or balance transfer credit card to pay them off, then paying that off.
- If you have good credit, prefer simplicity, and know you won’t charge up your newly paid-off credit cards again, debt consolidation could be a fit for you.
Being in debt is extremely common and also extremely personal. Thankfully, there are plenty of options when it comes to paying off debt. If you owe just one creditor, your debt payoff will be a lot less complicated than someone who owes several. In this instance, there are a few strategies to consider.
Debt payoff options
The debt sn…
Read the full article at: https://www.fool.com/the-ascent/personal-loans/articles/4-ways-to-tell-if-debt-consolidation-will-work-for-you/