Consolidating my debt

Rated 3.89/5 based on 934 customer reviews

A debt consolidation loan with a longer repayment period may lower your monthly payment, but increase the total amount you repay over the life of the loan.Making more than the minimum payment can help pay off the loan faster.

consolidating my debt-6

consolidating my debt-67

consolidating my debt-40

So now you may be thinking, "How can I consolidate my bills if I don't borrow any more money?Consolidation works best when your ultimate goal is to become debt-free.This type of credit card charges no interest for a promotional period, often 12 to 18 months, and allows you to transfer all your other credit card balances over to it.Instead of paying several minimum monthly payments on a number of bills, this repayment strategy involves getting a new loan to combine and cover your other loans or debts.You can then repay all of your debts with one monthly payment.

Leave a Reply