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Old 08-07-2014, 08:20 AM
myfinancialhelp myfinancialhelp is offline
Junior Member
Join Date: Aug 2014
Location: South Africa
Posts: 1
Default Debt Consolidation

Go through each and every loan you have and figure out which of your debts should be consolidated and which should remain as they are so that you can see if you are doing thing right. For example, a loan which is already at an extremely low interest rate should not be included in your debt consolidation.
Calculate your total savings with a type of debt consolidation program which may really help you. Start up by adding the balance owed and interest paid to each creditor. Then compare this number to debt consolidation program cost to make sure it is a good strategy.
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