If youre having trouble staying on top of your credit card bills, youre far from alone. People are increasingly sliding out the plastic to pay for everyday items. Meanwhile, the Federal Reserve, with its rate hikes, has made debt more expensive and less manageable.
One way to tackle your debt load is through debt consolidation. Take a look at what it entails before you decide on this approach.
What is Debt Consolidation?
In the simplest terms, this is a financial strategy that rolls all your debts into a single fixed payment at a better rate. The solution streamlines your debts, making them more manageable and lowering your stress levels.
When you take out this type of loan, you use the funds to repay your high-interest credit card de…
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