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Cons of consolidating debt

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The best way to consolidate credit card debt under ,000 could be to get a zero-percent interest credit card and transfer balances from high-interest credit cards over to it.

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Here are 10 myths about debt consolidation and the truth about them.Dear Debt Adviser, I have about ,000 of debt on credit cards. If you have a lot of debt, there is a good chance that you have been thinking about consolidation and what it can do for you.Today, a majority of the home equity lines he approves as owner of Priority Plus Lending will be used to pay off Americans' credit card debts.Nor is his route the only one to spring up in a capitalistic society: Where there's a need, there's a buck to be made, even among the broke.Unfortunately, this has tricked many people into consolidation when it was not the best decision for them. If you have a lot of debt, spread across several loans and/or credit cards, you may be paying hundreds or maybe even thousands in finance charges.