You’ve probably heard the term “debt consolidation.” Maybe you heard a commercial on TV or saw something or the Internet or heard the term in casual conversation. There’s a lot of mystery and misinformation around the topic, so this guide will help you make sense of what debt consolidation is (and what it isn’t).
“Debt consolidation is the process of paying off two or more open loans with one new loan, thereby ‘consolidating’ several accounts,” explains James Poe, founder of DFW Retirement Planners.
Read More at http://www.debtconsolidation.com/four-myths-of-debt-consolidation.html
