Top Mistakes to Avoid When Consolidating Debt Debt consolidation can be a powerful tool for managing finances, but there are pitfalls that can derail your progress. Avoid these common mistakes to ensure a successful consolidation experience. Mistake 1: Ignoring the Total Cost of Consolidation Many people focus solely on reducing monthly payments without considering the […]
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Tips for Avoiding New Debt
Debt Consolidation Myths 1. Debt Consolidation Always Saves Money While consolidation can lower monthly payments, extended repayment terms may result in higher total interest costs. 2. Only People With Bad Credit Consolidate Debt Many individuals with good credit consolidate debt to secure better terms or simplify payments. 3. Debt Consolidation Eliminates Debt Consolidation restructures debt; […]