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A few weeks ago, while in line at the grocery store, I glimpsed a woman whose wallet held more credit cards than I’ve ever seen in one place.
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When you’re already struggling with poor credit, trying to manage a variety of high-interest loans can make matters even worse.
Not only are you forking over your hard-earned cash to pay on those interest rates, but juggling multiple payments each month can lead to forgotten or missed payments.
Of course, the best place to start is by reading the expert reviews on our top companies below.Student loan consolidation can be a big help to recent graduates struggling to pay multiple student loans after leaving school.It can be a good way to simplify the payments — a new student loan for every year or semester can mean a number of different hands in your pocketbook — as well as potentially trade a variable interest rate for a fixed one.In many cases, having multiple credit accounts in good standing can improve your score — but, when you fall behind on one type of debt, it can strain your ability to keep up with the rest.For some, a good way to get a handle on their debt is to get it all in one place through a debt consolidation loan.