What is an advantage of debt consolidation?
A. You will pay a higher interest rate.
B. You will have one monthly payment to manage.
C. You will have less time to make payments.
D. You will need to meet with a debt counselor.

Question

mikajones2006 mikajones2006

29-10-2021
Mathematics

contestada

What is an advantage of debt consolidation?
A. You will pay a higher interest rate.
B. You will have one monthly payment to manage.
C. You will have less time to make payments.
D. You will need to meet with a debt counselor.

Respuesta :

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-06-09T19:15:16+02:00

An advantage of debt consolidation is: B. You will have one monthly payment to manage.

What is Debt consolidation?

Debt consolidation can be defined as the way in which a person borrow or collect a loan so as to payoff their old debt or liabilities.

One of the advantage of debt consolidation loan is that you will have one monthly payment to manage or one bill to pay per month instead of several bill.

Therefore the correct option is B.

Learn more about debt consolidation here:https://brainly.com/question/11199005

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What is an advantage of debt consolidation? A. You will pay a higher interest rate. B. You will have one monthly payment to manage. C. You will have less time to make payments. D. You will need to meet with a debt counselor.

Respuesta :

What is Debt consolidation?

Otras preguntas

What is an advantage of debt consolidation?
A. You will pay a higher interest rate.
B. You will have one monthly payment to manage.
C. You will have less time to make payments.
D. You will need to meet with a debt counselor.