A debt consolidation loan is a form of debt refinancing that combines multiple balances from credit cards and other high-interest loans into a single loan with a fixed rate and term. It can help you save money by reducing your interest rate, or make it easier to pay off debt faster. A debt consolidation loan may also lower your monthly payment. And depending on your credit profile, a debt consolidation loan could help improve your credit by diversifying your credit mix, showing that you can make on-time monthly payments, and reducing your total debt (as long as you’re not adding any new debt). *
Instead of dealing with multiple bills, pay them off all at once.
With an affordable fixed rate, your monthly payment never increases.
Toss high credit card rates and fees and increase your credit score with a fixed rate and loan term. *