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Ok, Mr. Doom and Gloom, are there any good points to a debt consolidation loan?

April 26, 2017debt consolidation Doom gloom good loan Mr Ok Points

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Ok, Mr. Doom and Gloom, are there any good points to a debt consolidation loan?

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Yes. When debt consolidation loans carry a low enough interest rate payments can be significantly reduced. Many people find making one payment can be much more convenient that making five or ten smaller payments. Even if not the best long term plan, in the short run longer amortizations available with debt consolidation loans can help with cash flow.