Finance

What are the methods of debt consolidation?

Methods of debt consolidation include combining two or more similar types of loans into one big loan so that the payment of interest and that of the monthly installment becomes easier. You can use the credit card’s balance transfer feature to transfer one part of the loan to the next month. Those that have taken the student loan can also opt for combination of the loan so that you get one lump sum payment to make each month rather than having various items to take care of.

You will find that Maybank offers the best debt consolidation plan as it enables you to combine your debts and make one payment.

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