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Things to consider when consolidating debt
Secured or Unsecured loan
Personal Loan for Debt Consolidation (Unsecured)
Home Loan Top-Up for Debt Consolidation (Secured)
Repayments
Keeping/increasing the repayments
Loan term
Interest Rates & Fees
You have to consider the difference in interest rates and fees to break/pay off the existing lending. Loan term also plays a crucial point as extending the term can increase the total interest paid in the long term
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