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Posted in Paying Your Bills
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David8846

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can debt consolidation help me payoff all my bills

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It really depends on what the interest rate on the debt consolidation loan would be, especially compared to the interest rate of any credit cards you may have. If it is a lower interest rate, and you can combine all your debt into one monthly payment then go for it. If not, then it probably isn't worth it. Also, I have tried to get debt consolidation loans and not gotten approved. This only added inquiries to my credit report and dropped my score. So be careful before applying for these loans.

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