Now is a great time to refinance and consolidate debt since interest rates are so law. But there are dangers involved.
Financial adviser Dan Danford explains why many debtors seek the debt consolidation route in order to pay off several debts by taking on just one new - albeit large - debt.
Danford, CFP®, CRSP®, MBA, also addresses how debt consolidation can negatively affect your credit score.

By Julie Garrison
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