To Consolidate...or Not to Consolidate?
Posted On: January 2, 2021 by CSE Federal Credit Union in: General, Lending
Exploring When Debt Consolidation Makes Sense
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Debt affects nearly every consumer, no matter what financial situation you find yourself in. According to the Federal Reserve1, American's hold nearly $4.2 Trillion (yes, with a T) in consumer debt, or, roughly $38,000 per person. This number excludes mortgage debt but includes everything else: student loans, credit cards, vehicle loans, personal loans, and other debts.
If digging out of debt is on your financial to-do list,...
