Are you drowning in debt? Do you feel you are paying too much in credit card bills and struggling to pay the minimum amount on your credit cards? In such cases, debt consolidation loan might be a viable alternative.
A debt consolidation loan is a loan you can take against your home. Some banks will allow you up to 125% of your house value and this money can be used to consolidate debt. The interest on your debt consolidation loan will be far less than interest on your credit cards or personal loans.
The money from debt consolidation loan can be used to pay off your credit cards, store cards and personal loans. This will significantly reduce your monthly repayment as well as your interest.
However, a debt consolidation loan is considered to be a secured lo View the rest of this article
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