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Pros and Cons of Debt Consolidation – Be Debt-Free Soon!

Summary by Princegeorgepost

Borrowers with several high-interest-rate debts can consider debt consolidation as a path to debt freedom. One significant advantage is that you only need to make one payment. However, debt consolidation has cons, such as using your home as collateral. Understanding the drawbacks and the benefits will help you make the right decision.

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princegeorgepost

Pros and Cons of Debt Consolidation – Be Debt-Free Soon!

Borrowers with several high-interest-rate debts can consider debt consolidation as a path to debt freedom. One significant advantage is that you only need to make one payment. However, debt consolidation has cons, such as using your home as collateral. Understanding the drawbacks and the benefits will help you make the right decision.

4 days ago·Prince George, Canada

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princegeorgepost broke the news in Prince George, Canada 4 days ago on Monday, June 30, 2025.

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