If you’re feeling overwhelmed by debt, you’re not alone. Household debt continues to rise and stretch many families’ budgets. The good news is, there’s a way out. In this episode, we’ll review how debt consolidation works, what types of debt you can consolidate, and what to consider before you take the next step. We’ll also share why debt consolidation may not be the right choice for you and how to make that determination.
Ready to get started on your journey to get debt free? Check out these tips on How to Create a Debt Management Plan.
Our listeners this week sent in questions about student loans and consolidation. Do you have federal student loans you’re looking to consolidate? Visit studentaid.gov to see what debt management options you have depending on your loan type.
If you have a financial question you’d like to ask, please email the WalletWorks podcast at walletworks@psecu.com. All submissions will remain anonymous. Visit psecu.com/learn for additional financial tips and tools from our WalletWorks program.