Is managing personal loans, credit cards and a home loan too stressful for you?
Consolidating them all in one loan as debt consolidation may be beneficial to you.
Here are some benefits of debt consolidation:
- Consolidate personal loans, credit cards, etc in one loan so you will only have one debt
- One loan means less fees to pay
- Easier to manage, only one monthly payment
- You will be dealing with one financial institution
- You should be able to substantially reduce the interest rate