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Do you feel like your life is on hold because you’re trapped by all your debt payments? If so, you’re not alone. Consolidating your debt could be the answer you’re looking for. It can help lower your monthly payments and get you out of debt faster so you can be in the driver’s seat of your own finances. With so many ways to consolidate, there’s bound to be a solution for your unique situation.
What is debt consolidation?
Debt consolidation is the process of combining your debts into one loan with a lower interest rate. Instead of having multiple debt payments each month, you’ll only have one. This simplifies your bill-paying process each month plus reduces the total amount you owe to your creditors.