Loans for consolidating debt
Some companies know holiday shoppers who don’t stick to a budget tend to overspend then panic when the bills start coming in.
And other loan companies will hook you with a low interest rate then inflate the interest rate over time, leaving you with more debt! Your goal should be to get out of debt as fast as you can!
But here’s the downside: It will now take you 58 months to pay off the loan.Here are the top things you need to know before you consolidate your debt: But here’s the deal: Debt consolidation promises one thing but delivers another.That’s why dishonest companies that promote too-good-to-be-true debt-relief programs continue to rank as the top consumer complaint received by the Federal Trade Commission.The solution requires you to roll up your sleeves, make a plan for your money, and take action! At Nerd Wallet, we strive to help you make financial decisions with confidence. If you’re like many Americans with rising credit card balances, you may be looking for ways to get your debt under control.