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Debt Consolidation Loans, Home Equity Loans, Refinance |
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Credit Card bill, auto loans, personal loans can sum up to high monthly payments. Furthermore, many of those loans have a high interest rate. Use the equity of your home to get a lower interest rate while lowering yur monthly payments! Why is a debt consolidation loan right for me? There are many so called Debt Consolidation Services, which promise you to lower your monthly payments by negotiating with your creditors. However, by doing so you can seriously damage your credit. Your credit score goes down similar to a bankruptcy and you end up paying more in the long run! On the other hand a debt consolidation loan offers you to consolidate all your loans in one easy payment and you can reduce the interest rate. Here are some interesting facts on debt consolidation:
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