Debt Consolidation.

Lukho Mkwedi Phuthi and Blessing Ndabula discuss debt consolidation, explaining that it combines multiple debts into one loan to simplify payments. Benefits include easier finances, potentially lower interest rates, and faster debt repayment. However, it can also lead to higher total costs due to extended terms and fees. Debt consolidation isn’t a fix for overspending, and new credit accounts can temporarily affect your credit score. Overall, it’s a useful tool but requires careful consideration of costs and personal habits.