Pros And Cons Of Debt Consolidation

Doggie Behavior Tips And Tricks That Will Make Anyone A Better Dog Owner

_{This article was originally published on OpossumSauce}

Whether you’re a first-time dog owner or a longtime trainer like Cesar Millan, there’s always something new you can learn to help you better understand your pets. In this article, we break down the most common doggie behaviors and what they really mean for you to figure out exactly what your dog might be trying to tell you! So grab your furry friend and give this a look; we’re sure it’s going to make a lot of tails wag!

Watch Out If You See A Dog Acting Aggressive Like This

What Is Debt Consolidation?
Debt consolidation is the process of paying off multiple debts with a new loan or balance transfer credit card—often at a lower interest rate.

The process of consolidating debt with a personal loan involves using the proceeds to pay off each individual loan. While some lenders offer specialized debt consolidation loans, you can use most standard personal loans for debt consolidation. Likewise, some lenders pay off loans on behalf of the borrower, while others disburse the proceeds so the borrower can make the payments themselves.

With a balance transfer credit card, qualified borrowers typically get access to a 0% introductory APR for a period between six months and two years. The borrower can identify the balances they want to transfer when opening the card or transfer the balances after the provider issues the card.

How Does Debt Consolidation Work?
Debt consolidation works by merging all of your debt into one loan. Depending on the terms of your new loan, it could help you get a lower monthly payment, pay off your debt sooner, increase your credit score or simplify your financial life.

Debt consolidation is a three-step process:

Take out a new loan
Use the new loan to pay off your old debts
Pay off the new loan
For example, let’s say you have $20,000 in credit card debt split among three different cards, each with an interest rate above 20%. If you take out a $20,000 personal loan with an interest rate of 10% and a five-year term length, you could pay off that debt faster and save money on interest.

Is Debt Consolidation a Good Idea?
Debt consolidation is usually a good idea for borrowers who have several high-interest loans. However, it may only be feasible if your credit score has improved since applying for the original loans. If your credit score isn’t high enough to qualify for a lower interest rate, it may not make sense to consolidate your debts.

You may also want to think twice about debt consolidation if you haven’t addressed the underlying problems that led to your current debts, like overspending. Paying off multiple credit cards with a debt consolidation loan is not an excuse to run up the balances again, and it can lead to more substantial financial issues down the line. — _{bloximages.newyork1.vip.townnews.com}

Some dogs will growl while playing, which is perfectly normal! But, make sure you check with a dog’s owner about their normal behaviors before assuming a dog acting like this wants to roll around.