Personal loan for debt consolidation: Know the pros, cons and process of using it
Personal loans: Debt consolidation helps manage multiple loans by merging them into one personal loan, offering benefits like lower interest rates and simplified payments. However, potential downsides include extra fees, the risk of accumulating new debt, and temporary impacts on credit scores.
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Personal loans: Debt consolidation helps manage multiple loans by merging them into one personal loan, offering benefits like lower interest rates and simplified payments. However, potential downsides include extra fees, the risk of accumulating new debt, and temporary impacts on credit scores.
