480aff71_n_vs__Debt_Consolidation_Loans__Comparison_Criteria
[Debt Consolidation] There are several advantages to enrolling in either type of debt consolidation plan: You are not borrowing additional money, on top of the money you already owe, to secure a new loan. You are able to consolidate your unsecured debts into one fixed monthly payment to make to your debt relief provider. Your monthly payment is usually lower. Collection calls usually begin to lessen after the first few months of making consistent payments. With a debt consolidation program, you are no longer able to use your credit and store cards, so it is very difficult to accumulate additional debt while enrolled in the program. [Debt Consolidation Loan] Advantages to debt consolidation loans include: You only have one fixed monthly payment to make to your lender. Your monthly payment is usually lower, which means more monthly cash flow in the short term. Your consolidation loan interest rate should be lower than your current interest rates. [Comparison Criteria] 
Advantages
D e f i n i t i o n
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Debt Consolidation vs. Debt Consolidation Loans
Comparison Criteria