What are the benefits of debt consolidation?
Debt consolidation can simplify your payments, lower interest rates, and improve your credit score.
How does it simplify my payments?
Instead of managing multiple payments to different creditors, you combine them into a single monthly payment.
Will it really lower my interest rates?
Yes, if you qualify for a lower interest rate than your current debts, it can save you money over time.
What impact does it have on my credit score?
Debt consolidation can improve your credit score by reducing your credit utilization ratio and ensuring timely payments.
Are there any risks involved?
Yes, if not managed properly, you could end up accumulating more debt or facing higher fees.
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