Common mistakes made while consolidating debt


01-Dec-2017 10:26

And if the purchase you’re getting a personal loan to cover is more of a want than a need, consider saving up instead of borrowing to buy it.

Not only is saving up the less risky, more responsible financial decision — it will also save you from paying tons of interest.

It's the total package, and the interest that goes with it. 12, 2012, the Federal Reserve Bank of New York reported a total of .3 trillion in American personal debt.

Here are some common personal loan mistakes to look out for — and how to make sure you don’t make them.



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