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This calculator helps you to determine whether or not you should consolidate your debt.
By consolidating your payments into a single loan, you may be able to pay one monthly payment that is smaller than the sum of your current monthly payments.
However, if you must make that payment for a longer period of time, then you could end up paying more interest by consolidating.
This calculator will help you to determine whether or not consolidating will actually reduce the cost of retiring your debts. |