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WKBT April 20, 2021 8:02 AM Kiah Treece - Forbes Advisor Posted: Updated: April 22, 2021 10:06 AM Between credit cards, student loans and auto loans, it can be difficult to keep track of payments and balances on outstanding debts. Consolidating these debts into a single loan may streamline your finances, but the strategy likely won’t fix underlying financial challenges. For that reason, it’s important to understand the pros and cons of debt consolidation before committing to a new loan. To help you decide whether debt consolidation is the right way to pay off your loans, we’ll walk you through the advantages and disadvantages of this popular strategy.

Kiah treecePros and cons of debtDebt consolidationLower interestReduce monthlyImprove creditCome with addedRaise your interestMay pay more in interest overRisk missingSolve underlying financialEncourage increasedகைய மரம்கடன் ஒருங்கிணைப்புகீழ் ஆர்வம்குறைக்க மாதாந்திர