How Debt Consolidation Works

Debt consolidation can help by essentially rolling all your debt payments, like credit card bills, into one with a single due date and a fixed interest rate that is typically lower, depending on your credit score. A debt consolidation loan is any type of loan that is used to pay off all existing debts, which allows you to focus on just paying one monthly payment opposed to several.

22 Replies to “How Debt Consolidation Works”

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