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Pros and Cons of Credit Card Debt Consolidation

Pros and Cons of Credit Card Debt Consolidation

The following are various advantages and disadvantages of credit card debt consolidations; please have a look before taking a decision.

Pros
Below are the advantages of credit card debt consolidation:
Honeymoon rates
Lower interest rates
Less fees

Cons
Below are the disadvantages of credit card debt consolidation:
If misused, you’ll grow debt
Post-honeymoon interest rates could be higher
Post-honeymoon fees could be higher

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