If you have high interest debt, you may be looking for options to eliminate it. As the cost of living continues to rise, balances with high interest rates can lead to financial hardship. One common debt relief option is debt consolidation. This typically involves taking out a new loan with a lower interest rate than the average one on your outstanding debts and using it to pay those debts off.
In doing so, you may be able to reduce the monthly and overall cost of your debt while simplifying the payoff process. But it may be wise to take the debt consolidation approach sooner, rather than later. And this June could be a smart time …
Read the full article at: https://www.cbsnews.com/news/why-you-should-get-a-debt-consolidation-loan-this-june/