Personal loans for consolidating bills

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It’s also a good idea to stay clear of websites and lenders that charge you big upfront fees for a debt consolidation loan.With a debt management plan, you make one monthly payment to a credit counseling agency and the agency pays each of your credit card lenders.One of the first things you’ll want to do is check your credit reports for accuracy.

Not only does that simplify your debt payments, it can also help you save money.

And you can verify if a lender is registered to do business in your state by contacting your state Attorney General’s office or your state’s Department of Banking or Financial Regulation.

Beware of any lender that promises to offer you a loan regardless of your credit.

Credit card debt consolidation may save you money, but it’s often not free.

Credit cards may have a balance transfer fee, so you’ll want to make sure that cost doesn’t outweigh the potential benefit of getting a lower interest rate on your debt.

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