Get early access to our debt consolidation loan calculator at https://tryascend.com/consolidate to estimate whether you actually save money with a debt consolidation loan.
Understanding the pros and cons of debt consolidation loans is vitally important to make the most informed decision. For example, while you may save on your interest rates, did you know that consolidating mixed interest rates could effectively make you lose some money? Did you know that the origination fee is removed from the total amount? So, if you took a loan of $10,000, you may only see $9,400 after the origination fee is removed.
In this video, we will cover the following areas around the pros and cons of debt consolidation.
Chapters:
0:00 Intro
2:30 What is Debt Consolidation?
3:07 Two Types of Debt Consolidation
4:15 Pros of Debt Consolidation
8:20 Cons of Debt Consolidation
14:00 Conclusion
#debt #debtconsolidate #debtfreejourney
Music: www.bensound.com
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