Wednesday, June 15, 2005


Debt Consolidation Loans

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Debt consolidation loans are taken to repay existing loans. Debt consolidation can help you in reducing your debt burden. If you have taken a number of loans, debt consolidation helps you in consolidating all your loans into one manageable loan.
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I heard a lot of people say that using debt consolidation is kind of a risky thing to do, because for others it helps them get out of debt, and then it sometimes doesn't work out that well. So is it something that I should give it a shot? Or should I stay clear from them?
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I have some credit card debt and student loans debt. Can both of these types of debt be consolidated into one rolled over debt? Is there a company that will allow me to do this? Can I get a lower interest rate doing the rollover thing?

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