Consolidating Your Debt? Here’s What NOT to Do
Debt Guru
JULY 19, 2020
It works by getting one new loan and using that to pay off multiple existing creditors. You pay off multiple types of loans and credit card balances with your new consolidation loan, and you’re left with a single monthly payment to the new lender. The difference is that unsecured debts are not backed by collateral.
104 
Let's personalize your content