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Should I consolidate my debts?


Share current LOB: PersonalBanking
Should I consolidate my debts?

Existing debts
Amount owedMonthly paymentMonths left
Auto loan 1
$$
Auto loan 2
$$
Boat/RV loans
$$
Education loans
$$
Other loans
$$

Amount owedInterest rate
Credit card 1
$%
Credit card 2
$%
Credit card 3
$%
Other account 1
$%
Other account 2
$%

Consolidation loan

Interest rate
%
Months to pay off
Other settlement services
$
Charge for specific interest rate
%
Your savings rate
%
Your state + federal tax rate
%

Note: You may be better off not including loans which will be paid off sooner than your proposed consolidation loan, even if their interest rate is higher than the consolidation loan's rate.

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

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