Should I consolidate my card debts?

The preferred types of consolidation loans are home equity loans or home equity lines of credit. Generally, the interest portion of such debts can be deducted from your taxable income. In comparison, a personal loan generally does not offer any tax benefits.

Based on the desired number of months in a repayment plan, the calculator shows monthly payment, interest expense, any tax-related savings, and total cost savings.



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