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What is a bill consolidation loan?

consolidation loan
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What is a bill consolidation loan?

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A bill consolidation is a good option for you if you find yourself unable to pay your monthly bills. Although you do not necessarily have to take out a loan to consolidate your bills, it is something that is available to you should you need it. A bill consolidation loan is basically a loan that would pay off all of your current debts. Instead of having several payments to keep track of and make every month, you would only have one. Here is a helpful article from bankrate.com on reorganizing your finances in order to deal with overwhelming debt.

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A debt consolidation loan is a loan that is used to pay off credit card debt.

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