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    >The term "debt consolidation" is often misleading and can be abused by mortgage brokers and banks in order to sell someone in de
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    Debt consolidation is designed to lower the monthly payments and the interest rate of a person who has a large amount of debt. A person in debt usually works with a debt consolidation counselor to find a way to consolidation all the debt he or she has into one, manageable monthly payment. The debt counselor usually will do a free debt consolidation analysis to come up with a plan. If the potential client agrees to the plan, it is put into place. However, the client is under no obligation to accept the plan.

    The term "debt consolidation" is often misleading and can be abused by mortgage brokers and banks in order to sell someone in deb

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    person in debt usually works with a debt consolidation counselor to find a way to consolidation all the debt he or she has into one, manageable monthly payment. The debt counselor usually will do a free debt consolidation analysis to come up with a plan. If the potential client agrees to the plan, it is put into place. However, the client is under no obligation to accept the plan.

    The term "debt consolidation" is often misleading and can be abused by mortgage brokers and banks in order to sell someone in de

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    e, manageable monthly payment. The debt counselor usually will do a free debt consolidation analysis to come up with a plan. If the potential client agrees to the plan, it is put into place. However, the client is under no obligation to accept the plan.

    The term "debt consolidation" is often misleading and can be abused by mortgage brokers and banks in order to sell someone in de

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    he potential client agrees to the plan, it is put into place. However, the client is under no obligation to accept the plan.

    The term "debt consolidation" is often misleading and can be abused by mortgage brokers and banks in order to sell someone in de

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    >The term "debt consolidation" is often misleading and can be abused by mortgage brokers and banks in order to sell someone in debt a high interest second mortgage or to encourage them to refinance their home. A second mortgage or refinancing can, in the long run, put a person further into debt and is certainly not a good solution. A loan is in all probability not the greatest solution to a debt problem.

    Debt consolidation enables one to solve the fundamental problems of high debt without having to take drastic steps like declaring bankruptcy. A debtor should first make sure that the terms of the debt consolidation loan are understood.

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