A consolidação da dívida vale a pena?

Quando você está preparando uma estratégia para lidar com a dívida, há tantas opções a considerar. Uma delas é a consolidação da dívida.

Like most of us you probably have debt. Depending on what kind of debt and how much there are a number of solutions that could help you finally conquer it. One of these solutions is debt consolidation.

What is debt consolidation?

Debt consolidation is essentially moving all of your debt into one place and paying one bill every month. Most people do this with credit card debt instead of racking up interest and keeping track of due dates on multiple accounts. There are a few ways to consolidate your debt and pay it off effectively like using a balance transfer credit card, personal loan or retirement.

Who should consider this?

Debt consolidation isn’t necessary for everyone. This method of debt management is great for those who have credit card debt that spans across multiple cards. People who would benefit tend to have trouble making any headway on their principle balance, paying mostly interest every month.

Why is consolidation worth it?

Consolidating your debt can make paying it off easier and more affordable. By moving your debt from multiple cards with varying interest rates to one card with a lower rate you will save on interest every month and make more substantial payments on the principle balance. Having one payment will also keep you on track and allow you to better anticipate your monthly bills.

How can I get started?

The first thing you should do is figure how how you want to consolidate. Do you want to transfer balances to one credit card? Will you take out a personal loan? Look around and see what kind of interest rate is available to you. Once you have done that figure out how long it will take you to pay your debt off so you can plan your finances and budget accordingly. Also be sure to cut up those cards! The last thing you want to do is make more debt while you are trying to get a handle on what already exists.

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