Debt Consolidation Refinance: The Mistakes 80 Percent of Borrowers Make

80 percent of debt consolidation refinance plans fail. Here’s what you need to know to be successful at debt consolidation.

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Debt consolidation allows consumers to combine multiple loans or liabilities, usually by taking out another loan in order to pay off existing debts. In general, consolidating accounts makes it possible for borrowers to put more of their payment toward reducing the principal, rather than spending so much money paying... Read more