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What is Debt Consolidation and Why Should I Do It?

What is Debt Consolidation and Why Should I Do It?

Credit card debt consolidation is when you combine your multiple existing credit card debts into one to better manage your repayments and minimise the amount of fees and interest you’re paying. This is usually done through a debt consolidation personal loan or a balance transfer credit card.
However, you should ensure the consolidated debt’s interest rates and/or fees are not higher than what you were paying on your previous debts.


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