What is a disadvantage of debt consolidation?
OA. You can have payments that are lower.
B. You can spread payments over a longer time.
о C. You can have a lower interest rate.
о D. You can pay more money in the long term.

Debt consolidation is when a person takes out a new loan in order to pay off an existing loan. Debt consolidation increases the money you pay in the long term because you would still have to pay for the new debt incurred.

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What is a disadvantage of debt consolidation? OA. You can have payments that are lower. B. You can spread payments over a longer time. о C. You can have a lower interest rate. о D. You can pay more money in the long term.

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What is debt consolidation?

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What is a disadvantage of debt consolidation?
OA. You can have payments that are lower.
B. You can spread payments over a longer time.
о C. You can have a lower interest rate.
о D. You can pay more money in the long term.