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More about debt consolidation

Monday 27 March 2017, 1:45PM

By One Partner Limited

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How much is your debt costing?

If you are managing multiple debts, you may be struggling with a combination of high interest rates and high repayment rates. This can mean that you are faced with high repayment costs, and that your funds are tied up in repaying debt without getting rid of it.

Can you keep track of your debt?

Keeping track of debt across different sources, such as credit cards, overdrafts and loans, can require payments of different amounts to be made on different dates. It may be hard to keep on top of what needs to be paid and when, which can lead to missed payments and subsequent penalty charges. If you are more than 30 days late making a payment, your credit record may also be impacted.

Read the full article here.

This content was shared by One Partner Ltd for AA Finance.