Tag: example


Debt Consolidation Example

You can scour the Internet and read ad nauseum¬†about the benefits of debt consolidation loans but sometimes it is more effective to provide an example Let’s say you have three credit cards each with a $7,500 balance and a 22.99% annual rate compounded monthly. You would need to pay $1,178 a month for 24 months to bring the balances to

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