Debt consolidation advantages and disadvantages The advantages and disadvantages of debt consolidation. When it comes to debt consolidation, it's important to be aware of the advantages and disadvantages before you take on new debt. The advantages?

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In fact, you end up paying more and staying in debt longer because of so-called consolidation. Get the facts before you consolidate or work with a settlement company. Here are the top things you need to know before you consolidate your debt. Debt consolidation is a refinanced loan with extended repayment terms. Debt consolidation is different from debt settlement.

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