When you’re struggling to manage multiple debts, you might wonder if debt consolidation is a good fit for you. It works by combining your multiple payments, and due dates (not to mention the multiple logins you have for each payment) into one convenient monthly payment.
Updated July 2020 If you have multiple forms of debt, you are probably familiar with the frustration of keeping track of many different interest rates, payment amounts and due dates. Managing multiple debts can be stressful, especially if you struggle to organize your finances or have an irregular income. Add late or missed payments to the mix and you can quickly be drowning in debt. If this sounds familiar, it could be time to consolidate your debt.
Updated July 2020 If getting out of debt were easy, fewer people would be in debt! We know that’s not the case because the average American household has more than $8,700 in debt and according to a recent study a record number anticipate being behind on their debt payments in 2020. The problem is not that we have debt, but instead the mistakes that we are making that cause our debt to get out of hand.