HOUSTON, Texas (KTRK) — If one of your New Year’s resolutions is to get your finances in order, you might consider debt consolidation.
Many are struggling right now, so dealing with debt could very well be an issue for months to come.
Debt consolidation is just that, a company you hire takes your debts and condenses them down to one bill.
If you have high interest debt or need to lower your monthly payments, this could be of interest.
However, you need to make sure you understand the fees and penalties a debt consolidation company will charge you, how long the contract term will last, and what happens if you can’t make the payments.
If you already have bad credit, you may be facing higher fees. One credit consultant we spoke with said a b…
Read the full article at: https://abc13.com/debt-consolidation-new-years-resolutions-action13-bill-payment/9199378