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Helpful or Hurtful? When Is Debt Consolidation Right for Your Business?

To make an informed decision about whether this is right for you, we’ve compiled a detailed list of everything you need to know about consolidation loans. Debt consolidation is when you convert debts with multiple creditors into one sum owed to a single creditor. If it ends up costing you more in the long run, debt consolidation is not the right solution. Secured consolidation loansThere are two different types of consolidation loans: secured and unsecured. A UK-based personal consolidation loan broker, the company – and its advisors – have a wealth of knowledge when it comes to debt consolidation for individuals.

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