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Online lenders are good places to look for debt consolidation loans if you have bad credit. They offer bad-credit loans and generally have more flexible eligibility criteria than a traditional bank.
Your credit score: One goal of debt consolidation is to reduce the interest rate on your debt. The idea here is to pay a lower interest rate on a consolidation loan or balance transfer credit card ...
Shop for a Debt Consolidation Loan: Look for lenders offering debt consolidation loans with favorable terms, such as lower interest rates than what you're paying on your credit cards, and longer ...
Credit card debt consolidation involves streamlining the repayment process by combining some (or all) of your debts into one periodic payment. The aim is to secure a better interest rate and ...
A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...
A debt consolidation loan can provide a lower interest rate than most credit cards. According to Bankrate data , the average personal loan currently has an interest rate of around 12 percent.
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