Consolidate Debts - Deepstash
Consolidate Debts 

Consolidate Debts 

If you have debts with a high-interest rate, a balance transfer might be a good option and even offer perks such as 0% APR and rewards programs. Ensure you consider the balance transfer fees, and pay down the entire transferred balance during the introductory period if possible.

If you have high balances on multiple credit cards, it can make sense to use a debt consolidation loan. These loans combine several high-interest debts into one personal loan, ideally with a lower interest rate than your current debts.

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Refinance your home or automobile at a lower rate to save money over the life of the loan and lower your monthly payment.

If your student loans are locked in at a high-interest rate, figure out whether it makes sense to consolidate all or some of them.

How we can reduce our debt

  • We can set up automatic payments to the debt with the highest interest without regarding how much is owed on it.
  • We can consolidate multiple debts into a single loan. If you have five different loans with different interest rates, ...

How to deal with your debt

Try to transfer your debt onto a zero-interest credit card (also known as a balance-transfer card). It will give you a limited time window where your debt won't accrue interest and allow you to get rid of your debt faster. But ensure you can pay it off within that window, otherwi...

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