REDDIT If you are in debt, you have likely heard the phrase “debt consolidation” in the past. This is a method used to turn multiple old debts into just one. The goal is to create a new debt that has a much lower interest rate than the existing debts you have. This will help ...
1. Take out a credit card consolidation loan One common way to pay off credit card debt is to take out a personal loan. Personal loans are lump-sum loans with a fixed interest rate that are repaid in monthly installments over a set period of time, typically a few years. The biggest be...