What Is Debt Consolidation? Is It Right For You? | LendingTree
https://www.lendingtree.com/debt-consolidation/what-is-a-consolidation-loan/
WEBSep 6, 2023 · Debt consolidation is the act of taking out new debt and using it to pay off multiple old debts. After consolidating, you’ll only have one bill to pay (hopefully at a lower interest rate). While this strategy could be an excellent way to streamline your budget and save money, it doesn’t make sense for everyone.
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