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Debt Management - Manage Debt- Debt Consolidation

The Benefits of Debt Consolidation Services for Simplifying and Reducing Debt

What are Debt Consolidation Services? Debt consolidation services are financial services designed to help individuals combine multiple debts into a single, manageable payment. This involves taking out a new loan to pay off existing debts, such as credit cards, personal loans, and medical bills, and then repaying the new loan over a longer period of time with a lower interest rate. According to a study by LendingTree, the average credit card interest rate in the US is 16.28%, while the average personal loan interest rate is 9.34%, demonstrating the potential cost savings that can be achieved through debt consolidation services.…

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