What is Debt Consolidation ? Explained

Published: 25 October 2024
on channel: Budgeting and Productivity
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Hey Guys! 😄

Welcome Back to the Channel, today we look into what exactly is Debt Consolidation, it's pros and cons and if it may be something you should consider or not in your debt free or retirement planning journey.

0:00 What is Debt Consolidation
0:17 Debt Consolidation Explained
0:33 Debt Consolidation Example
0:53 Reasons Why Someone who Consolidate their Debt
1:01 Number 1 - Low Interest Rates
1:09 Number 2 - Simplified Payments
1:19 Number 3 - Potential Credit Score Boost
1:43 Best Tips for Debt Consolidation
1:47 Number 1 - Create a Budget
1:54 Number 2 - Avoid New Debt

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Thanks and See you in the Next Video!

#debtconsolidation #budgetplanning #debtfreejourney #budgetingjourney


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