Drawbacks of debt consolidation include the inability to qualify due to low credit scores, the exclusion of certain debts, and the risk of accumulating more debt if the borrower is not committed to monthly payments.

Authors

• Person: Not available Organization: Valley Credit Union
  Debt Consolidation vs Debt Management: Which Is Right for You?

Sources

• Debt Consolidation vs Debt Management: Which Is Right for You? www.valleycu.org Valley Credit Union via serper

Referenced by nodes (1)

• debt consolidation concept