You've probably scoffed at the cheesy adverts on TV telling you how taking out a debt consolidation loan can give you financial freedom. However, if you do have debt, a consolidation loan could actually save you money.
(For details, see www.loanconsolidation.ed.gov .) Borrowers whose federal debt outstrips their annual income should look into the income-based repayment ...
If you're a homeowner, do your own debt consolidation with a home equity loan or line of credit. ''The pros of doing so would be a lower interest rate and ...