Ask Question
9 September, 02:55

Credit card refinancing vs debt consolidation

+5
Answers (2)
  1. 9 September, 06:05
    0
    Credit card refinancing involves moving the balance from one credit card on to another credit card with a lower interest rate to save money. Debt consolidation focuses on combining several sources of debt into one account with a single monthly payment. While both can save money on interest, debt consolidation is more about reducing the number of accounts into a single personal loan.
  2. 9 September, 06:39
    0
    Credit card refinancing is choosing the best credit card with the lowest rate possible. On the other hand, debt consolidation can involve multiple credit cards or loans.

    When you consolidate, you are combining multiple payments into 1 simple monthly payment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Credit card refinancing vs debt consolidation ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers