Being in debt, especially if it’s big, is very stressful. Whatever your situation, you’re stuck paying it off, even if you’ve lost your job and have no income. Sometimes debts can be a consequence of simply spending too much on holidays or treats, and sometimes you take a loan when you really need it. In any case, paying off a …
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The Pros and Cons of Debt Consolidation
For anyone struggling with debt, consolidation appears to be an attractive proposition. Debt consolidation replaces existing loans and debts with a single loan, leaving just one payment to make each month. Whilst borrowing more money to get out of debt does not sound like a logical solution, debt consolidation can sometimes prove surprisingly economical over the long term. Unsecured borrowing …
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