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  2. 10 Best Debt Consolidation Loans

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    Rapid financing of loans. Cons. Top rates of 35.99% are high. Administration fees up to 9.99%. Final Take. Debt consolidation can be a useful tool for managing high-interest debts and simplifying ...

  3. 5 best debt consolidation options

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    Using the example above, if you take out a $5,000 debt consolidation loan with a three-year term and an 11 percent fixed interest rate, you’ll pay $164 per month and $892.97 in interest over the ...

  4. How does debt consolidation work? Answers from someone who’s ...

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    Debt consolidation vs. personal loan. Debt consolidation is a form of debt refinancing in which the borrower takes out a loan, credit card or line of credit and uses it to pay off other debts ...

  5. Choosing a debt consolidation lender: How to find the best

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    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.

  6. Best debt relief options for credit card debt - AOL

    www.aol.com/finance/best-debt-relief-options...

    Balance transfer credit cards offer another form of debt consolidation. In this scenario, you transfer your existing balances from high-interest cards to one new card with more favorable terms.

  7. Debt Consolidation Pros and Cons. Pros: Simplified monthly payments. Potentially lower interest rates (average reduction of 5-10%) Maintained or improved credit score if payments are made on time

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