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How long does it take to pay off my credit card debts after debt consolidation?

April 26, 2017credit card debt consolidation debts pay

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How long does it take to pay off my credit card debts after debt consolidation?

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Most people are able to get out of debt in 3 to 5 years after the interest rates on their debts have been reduced under a debt consolidation plan. Frequently, debt consolidation also results in the reduction of the total monthly payment amount. Those who would have been making payments for 15 to 25 years before debt consolidation are able to lower their monthly payments but, nevertheless, get out of debt in a fraction of the that length of time.