One reason you may be thinking about debt consolidation pros and cons is because of the fixed interest rate. When you have a bunch of different bills the interest rates are all over the place and the odds are some of them are pretty high. You will know where you stand each month when you only have one bill to pay and that bill has the same interest rate each and every month. When you do a credit card consolidation loan this rate will hopefully be somewhat lower than your current rate.
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on Saturday, March 22nd, 2008 at 3:41 pm and is filed under Finance :: Mortgage & Debt.
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