Debt Consolidation

Debt consolidation is a type of refinancing where the borrower can pay off other types of debt. This debt includes credit cards, car, student, or medical, into one bill. It is important to do your research on debt consolidation before you commit to it. If you are in an outrageous amount of debt, this option might make it worse for you because this refinanced loan has extended repayment terms, which mean you could end up being in debt even longer.