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    A debt consolidation loan is taken out when the borrower finds it difficult to meet his debt obligations. This happens when the borrower has taken out too many loans or he has taken out loans at very high rates of interest. Credit cards charge very high rates of interest. Unpaid credit card bills lead to severe debt problem. This situation may even lead to defau
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    rd bills lead to severe debt problem. This situation may even lead to default or bankruptcy. Both default and bankruptcy hampers the borrower’s chances of getting a fresh loan. Even if he manages to obtain a loan, he is charged a very high rate of interest.

    Debt consolidation can help you reduce your debt burden. You can consolidate your debt by taking out

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