Answered

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Debt consolidation allows you to:
A. combine multiple debts into one monthly payment.
B. pay off multiple loans sooner than planned.
C. raise interest rates over a longer period of time.
D. lower interest rates over a shorter period of time.
Answer A

Sagot :

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Answer:

A

Explanation:

A. combine multiple debts into one monthly payment.

The correct option is A. Debt consolidation enables you to consolidate your debt accounts into one, hopefully with a reduced interest rate.

What are the advantages of Debt Consolidation?

The amount of payments and interest rates you have to worry about is decreased when you combine several outstanding debts into a single loan. By lowering the likelihood that you will make a late payment or fail to make one at all, consolidation can also help your credit.

Loan consolidation enables you to merge various debt balances into a single account, hopefully with a cheaper interest rate. By doing so, you may be able to reduce your monthly payments, pay off your debt more quickly, and possibly even save money on interest.

Learn more about Debt Consolidation here:

https://brainly.com/question/14309069

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