Debt Consolidation – Pros & Cons

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?????Let’s talk about debt consolidation.

TL;DR – Debt consolidation is a way to put all your debts into one place.

There are pros and cons to this.

????Pros: Everything will be consolidated into one loan, you’ll only need to make one monthly payment, you can lower your interest rate, and simply your finances.

????Cons: An extended payment plan may mean more interest paid over time, your credit score may be negatively impacted, it’s not a one-size-fits all solution.

????Last, be careful, some companies are predatory and may try to take advantage of vulnerable people.

????To stay educated on your debt management – download the MUCH app today to get started on your journey to financial freedom. We can help you figure out a debt payoff framework that will work for you to help you pay down your debt faster.

????Sign up for your free 14-day trial and start tackling your debt today by visiting http://www.usemuch.com/ to get started.

Comments

@dorseytoney1874 says:

I didn’t watch this it was setup to much like a tv commercial just for future reference

@DayrateNiterate says:

The last part doesn’t make any sense just because it’s consolidated doesn’t mean I’m all of a sudden gonna go on a spending spree.

@solomonbradford1302 says:

I need help ????

@andyworku5128 says:

Thank you, and please speak slowly your audience are international.

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