The drawbacks of debt consolidation include the requirement for a high credit score to qualify, the exclusion of certain debts like mortgage and auto loans, and the risk that individuals not fully committed to monthly payments may accumulate more debt.

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 (2)

• debt consolidation concept
• auto loan concept