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It simply depends on your current financial situation.
If you are trying to decide whether or not debt consolidation can help you save money, you should contact a financial professional who can help you crunch the numbers.
Debt consolidation is primarily designed for unsecured debt (i.e. When you consolidate your debt, you take out a loan to pay off several other debts.
This allows you to consolidate the money you owe into one payment.
You must consider all of the cons of debt consolidation before making any decisions.
Debt consolidation isn't the best solution for everyone.
These offers do not represent all deposit accounts available. Advertised rates and terms are subject to change without notice.
Light Stream*Your APR may differ based on loan purpose, amount, term, and your credit profile. Avant All unsecured installment loans issued through Avant are made by Web Bank, member FDIC.
There are many reasons why people consider debt consolidation.