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Reasonable efforts have been made to present accurate information, however all info is presented without warranty. Also review each firm’s site for the most updated data, rates and info.
If you hire a debt consolidation company, your loans may not necessarily be consolidated with a loan.After consolidating your debt, you may feel like your debt burden has lifted.However, it's important to remember that you still have the same amount of debt as before.By consolidating these debts through a debt consolidation loan with a low interest rate, you can get great financial benefits. It can be a valuable tool to help you get out of debt.Also, the interest on a debt consolidation loan is usually tax deductible if you use a home equity loan or line of credit.
It's important that you evaluate debt consolidation companies and their products carefully so that you don't end up in a worse situation than when you started.