If you’re old enough, you’ll remember a time not so long ago when interest rates were five percent or more. Savers benefited, but borrowers often had to pay massive interest charges. Today, though, things are completely different. People with savings accounts aren’t doing so well….

If you have many different debts with different interest rates, payoff schedules, and balances, it may sound like a good idea to sign up for debt consolidation. Debt consolidation can seem appealing with the promise of a significantly lower monthly payment and a reduced interest…