Why debt consolidation is a bad idea

By Noel Whittaker
Updated January 27 2018 - 6:38pm, first published 6:34pm

We are well into the new year, and the bills may be starting to bite. To relieve the pain some institutions are encouraging borrowers to bundle all their loans together into a "consolidation loan", which was once described by a cynic as "putting all your hard-to-pay loans into one impossible-to-pay loan".

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