Pros cons consolidating bills
If you’re worried that debt consolidation won’t actually leave you better off, there are several alternatives to consider instead.
While each of these options also has their own set of disadvantages, they may make more sense in the long run.
If you’re deep in debt and struggling to find a way out, you may be considering a debt consolidation loan as a solution to your problem.
If you don’t secure an annual percentage rate, or APR, that is considerably lower than the weighted average interest rate you have now, you could pay the same amount of interest, or even more, over time depending on the details of your new loan.Depending on the terms of your new debt consolidation loan, you may actually extend your repayment timeline.If that’s the case, you’ll spend even more time in debt than you are spending now, plus potentially pay more interest as well.With this card, you’ll get 15 months with zero interest for both purchases and balance transfers.Plus, you won’t even pay a balance transfer fee during the first 60 days you have the card.