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How long will it take you to pay off your debt consolidation? |
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How long it takes to pay off your debt consolidation will depend on a number of factors. The first thing you need to look at is how much money you owe. If you owe tens of thousands of dollars, it will take you longer to pay off your debt than someone who just owes a few thousands. The higher the debt, the longer the payoff period.
You also need to take a look at how much of a monthly payment you can afford. The more money you put towards your debt each month, the more quickly you will be able to pay off your debt consolidation.
When you take out a debt consolidation loan or sign up with a credit counseling service, they should be able to give you a good idea of how long it will take you to pay off your debts.
First answer by ROB. Last edit by ROB. Contributor trust: 188 [recommend contributor]. Question popularity: 66 [recommend question]
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