Wiliam Mwangi

Debt consolidation involves taking a loan to repay outstanding debts in full so that you are left with a single repayment to make rather than multiple. Managing multiple repayments at the same time can be a hassle. Consolidating your debt brings all your debts under one repayment plan and potentially saves you money by getting you lower interest rates. Debt consolidation brings maximum benefits when done on high-interest debts since it dispenses them in exchange for a lower APR loan, thus saving you money.

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