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If you are only making minimum payments on $20,000 in credit card debt, at a 18.9% interest rate, it can take you over 50 years to pay it off and you could pay over $50,000 in interest.
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You may be surprised to learn that credit card debt grows back 78% of the time after taking out a debt consolidation loan. Without a fundamental change in the spending habits of the consumer, a loan usually only makes things worse.