Journal / Financial
The Consolidation Trap: Why a Lower Payment Can Cost You More
C
Editorial Team Feb 02, 2026
6 min read
Executive Summary
"Consolidating credit cards into a 7-year personal loan might save you monthly, but it could cost $10k more in interest."
Lenders market "Low Monthly Payments." They rarely market "Lowest Total Interest." The difference between a 3-year and 7-year term is astronomical.
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