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How much can you save consolidating your debt

Hi Welcome to professorsavings.com

  We bring you daily money saving videos

HI I’m your host Rayfil Wong

Today, we talk about the big savings by consolidating your debt.

Consolidating simply means combining debts into a single new favorable one

  according to numbers and sources from Quicken blog, the savings can add up big time

the average credit card debt per household is about $15,418

so with a 14.96% avg apr credit card that is a $346 per month

versus a credit card of 0% introduction offer apr for first 15 months

  which includes balance and transfers is about $154 with a possible total savings

     of about $2184 for single year

that is something simple to do. get all the credit card that have balances into one card

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