Consolidating small business debt sabah sugermummy
While debt consolidation can seem like an ideal solution for loan repayment, business owners should realize that the practice is not without its drawbacks.
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Some end up with “stacked” loans — multiple loans or merchant cash advances with annual percentage rates in the double or triple digits.
Here are some of the top reasons to consider debt consolidation.
Single Creditor One of the primary benefits of debt consolidation is that you only need to deal with one creditor instead of many.
In other cases, changing your financial habits might be necessary to avoid going into further debt.