Debt Consolidation

Combine multiple debts into one lower-rate payment.

Debt consolidation combines multiple debts (credit cards, personal loans, medical bills) into a single loan with one monthly payment, ideally at a lower interest rate. If you are paying 20-25% on credit cards, a consolidation loan at 8-12% can save thousands. The key is to stop adding new debt on the cards you paid off. Calculate your total current payments and compare with the consolidation payment to ensure you are actually saving.