Debt consolidation can be a lifeline for consumers who are struggling to keep up with multiple credit card bills and
Debt consolidation can be a lifeline for consumers who are struggling to keep up with multiple credit card bills and loan payments. One method for consolidating debt is with a personal loan, through which you repay one or more types of debt in a single monthly payment at a fixed interest rate.
Debt consolidation loans can potentially help borrowers save money while getting out of debt faster, but do they always work as intended? To answer this question, U.S. News in January surveyed 1,202 consumers who have ever borrowed a debt consolidation loan. We asked respondents a series of questions to find out how consolidating de…
Read the full article at: https://wtop.com/news/2023/01/survey-debt-consolidation-pays-off-for-69-of-borrowers/