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    re usually unsecured loans. Therefore, it is advisable to replace your high rate loans by a low rate debt consolidation loan.

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    If you have a number of outstanding loans and credit card dues, the only thing that can save you from bankruptcy is a debt consolidation loan. Bankruptcy stays on your credit score for several years and you will find it difficult to obtain a fresh loan during all these years. Therefore, it is a wise thing to avoid bankruptcy.

    A debt consolidation loan is a new loan that you take out to repay your existing loans. A debt consolidation loan is usually a secured loan whereas credit card dues and other personal loans are usually unsecured loans. Therefore, it is advisable to replace your high rate loans by a low rate debt consolidation loan.

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    ation loan. Bankruptcy stays on your credit score for several years and you will find it difficult to obtain a fresh loan during all these years. Therefore, it is a wise thing to avoid bankruptcy.

    A debt consolidation loan is a new loan that you take out to repay your existing loans. A debt consolidation loan is usually a secured loan whereas credit card dues and other personal loans are usually unsecured loans. Therefore, it is advisable to replace your high rate loans by a low rate debt consolidation loan.

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    A debt consolidation loan is a new loan that you take out to repay your existing loans. A debt consolidation loan is usually a secured loan whereas credit card dues and other personal loans are usually unsecured loans. Therefore, it is advisable to replace your high rate loans by a low rate debt consolidation loan.

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    There are several advantages of debt consolidation loans:

    · It is easy to manage a single loan since you have to repay the loan to only one lender.

    · The rate of interest on a debt consolidation loan is lower than that on unsecured personal loans and credit card dues.

    · Since the rate of interest on a debt consolidation loan is low, the amount of monthly installments is also small.

    · You can get tax benefits on the interest that you pay on a debt consolidation loan.

    Besides the above mentio

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