Consolidating student loans other debt

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A few weeks ago, while in line at the grocery store, I glimpsed a woman whose wallet held more credit cards than I’ve ever seen in one place.

Paying off your credit cards with a consolidation loan can help you avoid that cycle, as well as any credit score hits from missing payments when the balance becomes unmanageable.

Be sure to look for an interest rate lower than that of your current debts.

For example, let’s look at our hypothetical friend, Pete.

Our friend Pete has a total of ,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.

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Whether it’s debt consolidation or any other financial need, Signature Loan.com’s online referral process helps make it possible for you to obtain the funds you need to achieve your monetary goals.

A large number of credit cards can carry interest rates in the high double-digits; rates of 20% to 25% (or even more) are especially common in the subprime markets.

Those high interest rates come with high monthly payments, and it can be easy to get caught in the “minimum payment” cycle — which only leads to an ever-growing balance.

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