What is a disadvantage of debt consolidation?
OA. You can have payments that are lower.
B. You can spread payments over a longer time.
о C. You can have a lower interest rate.
о D. You can pay more money in the long term.

Question

11-07-2022
Mathematics

contestada

What is a disadvantage of debt consolidation?
OA. You can have payments that are lower.
B. You can spread payments over a longer time.
о C. You can have a lower interest rate.
о D. You can pay more money in the long term.

Respuesta :

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ewomazinoade ewomazinoade · Answer 1 · 2022-07-13T17:44:19+02:00

A disadvantage of debt consolidation is you can pay more money in the long term.

What is debt consolidation?

Debt consolidation is when a person takes out a new loan in order to pay off an existing loan. Debt consolidation increases the money you pay in the long term because you would still have to pay for the new debt incurred.

To learn more about debt consolidation, please check: https://brainly.com/question/14309069

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What is a disadvantage of debt consolidation? OA. You can have payments that are lower. B. You can spread payments over a longer time. о C. You can have a lower interest rate. о D. You can pay more money in the long term.

Respuesta :

What is debt consolidation?

Otras preguntas

What is a disadvantage of debt consolidation?
OA. You can have payments that are lower.
B. You can spread payments over a longer time.
о C. You can have a lower interest rate.
о D. You can pay more money in the long term.