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This is the number one mistake people make when they consolidate.
If you need help getting out of debt, you are not alone.
Although signs show an upturn in the economy, many Americans are deep in debt, and not everyone can work overtime or a second job to pay down that debt.
Debt consolidation is a strategy to roll multiple old debts into a single new one.
You also could look at a personal loan to pay off your balances.The ten points below can help you use a credit consolidation program successfully while avoiding common pitfalls that often catch people off guard.If you’re thinking of consolidating credit card debt and you need an expert opinion to make sure it’s the right choice for you, we can help.This helps eliminate mistakes that result in penalties like incorrect amount or late payments.There are three major types of debt consolidation: Debt Management Plans, Debt Consolidation Loans and Debt Settlement.