Does consolidating student loans hurt your credit
As your debt continues to pile up, it’s easy to feel as though your options are limited.
Managing multiple debts and payment due dates can add to the stress of your already strained finances.
The good news, though, is that if you continue to repay your debts on time, it will bounce back fairly quickly.
Choosing to combine your debts into one monthly payment can be a smart financial move.
Just be sure to do your research with each consolidation company so you can get the best interest rate and terms possible.
Debt consolidation is the process of combining multiple debts into one streamlined payment, often with a much lower interest rate and smaller monthly amount.
Many different types of loans can be used to consolidate other debts, such as peer-to-peer lending services, personal loans, and even balance transfers from other credit cards.