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#1
07-25-2008, 07:11 PM
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Instead of paying several bills a month you consolidate them in one and pay only one bill. Usually you get the new loan with better terms; you get a lower interest rate. It is not rocket science but sometimes after you consolidate your bills you will be paying your new loan for a longer period of time comparing if you didn't consolidate. I don't know if it is worth it; maybe for people with small income and lots of debt it makes sense.
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