If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?
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1 Answer

Answer :

Not always. Sometimes it just aggravates the problem. See a debt counselor first.
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A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

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Last Answer : D. Debt Consolidation Explanation: Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

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Last Answer : How do you figure on getting a loan without opening an account with the lender?

If a person you owe money to has died, and the deceased DID NOT have a will, do you still have to pay back the loan?

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How can I get a student loan?

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Last Answer : Do you live in the US?