Consolidating Debts: How does it work?

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  • Simplify your finances: By consolidating all your debts into one loan, you'll only have to make one monthly payment, which typically makes it easier to manage your finances.
  • Lower interest rates: Debt consolidation loans can offer lower interest rates than your existing loans, which save you money over the life of the loan.
  • Longer repayment periods: Debt consolidation loans often have longer repayment periods than credit cards or personal loans, which can make your monthly payments more affordable.

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