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Pros and cons of consolidating credit card debt

Working with a debt consolidation company helps you to get back on track because you only have to make one payment each month—to the debt consolidation company.

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Although some debt consolidation companies are able to negotiate a better interest rate, others simply negotiate a longer term in which to pay off the debt.

Working with a debt consolidation company can give you a sense of accountability.

Jenny Mc Cune for says that debt consolidation treats a symptom, but doesn’t fix the problem, which is your spending habits.

The purpose of a debt consolidation company is two-fold.

First, it helps you work out a plan to consolidate and pay off your debt.

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