Our Goal is to assist singles and couples to MASTER their money, obtain a VISA to their future and DISCOVER the results that lead to FINANCIAL PEACE
Saturday, February 20, 2021
What is Debtg Consolidation?
Kiersten Essenpreis for Money
Debt consolidation gathers debt from multiple sources and puts it in one place, which simplifies paying off what you owe. Consolidation can also allow you to reduce the interest rate or total amount of your debt.
Most of us manage many forms of debt simultaneously, keeping track of due dates and balancing interest rates to avoid late fees or a bruised credit score. But one lump sum means one lender, one due date, one interest rate, and one set of login credentials. It can be a strategic personal finance move in the long run — as long as it’s done right.
Before consolidating your debts talk to us. Debt consolidation is usually not a good idea and creates more problems in the long run.
Schedule a free consultation appointment today. Our goal is for you to learn to master your money!