Here are some key facts about consolidation loans
- It is an actual loan which the consumer needs to apply & qualify for.
- It is a short term solution which requires strict financial discipline.
- The loan is more like putting a plaster on a SERIOUS wound.
- Without financial discipline, Debt Consolidation may worsen their financial situation.
- The loan bears interest between 20 – 31% over 60 months.
- Not only are consolidation loans much more expensive than Debt Review it also bears great risk for the consumer.