Debt consolidation is a debt strategy to manage financial strain. But, is it good or bad? It could be a loan from banks, balance transfer from credit cards, home equity loans and so forth. Pros Lower your interest rates Get the average interest rate of all your debts, and look for a consolidation plan that would help you get the most savings. If you compare loan rates, you can probably get 50% off your interests. Those who still qualify for balance transfer cards with 0% interests may do so, provided that they repay the balance within the intro period. Let’s … Continue reading Debt Consolidation: Pros & Cons