Debt Consolidation Loans: 6 Things You Need to Know

Debt consolidation loans are a great way to combine your debt into one monthly payment, with less interest than you were paying on each credit card.

Debt Consolidation Loans

This option is available for you to save money on interest, pay less monthly, and pay off your debt in as few payments per month as possible.

Debt Consolidation Loans

Some of the available options you can look into: -Refinance or Home Equity Line of Credit (HELOC) -Balance Transfers -Personal Loan

What Kinds Of Loans Are Available

If you are a homeowner and your mortgage is in good standing, you can use the equity you have in your home to cover a debt consolidation loan.

Refinance Or HELOC

Your credit history will play a part in how much interest you will be charged and how much time you will have with the reduced rate before it goes up.

Balance Transfer 

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