May 28, 2024

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Home equity loan vs. debt consolidation loan: Which is better?

1 min read

<

home-equity-loan-vs-debt-consolidation-loan-which-is-better.jpg
Debt consolidation can help you streamline your payments, pay down your debt faster and save on interest charges.

Getty Images/iStockphoto


Debt is a huge drain on your finances, not to mention your mental and emotional health. If you’re struggling to manage multiple payments on high-interest accounts, it can feel like you’re fighting a never-ending battle. One way to get back on track is to consolidate your debt.

Debt consolidation combines multiple high-interest balances with variable rates into one balance at a fixed (often lower) rate. This can help you streamline your payments, pay down your debt faster and save on interest charges.

Two ways to do this are with a home…



2023-05-02 11:19:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. RockyDailyNews.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply