Fewer debt buckets, and maybe a lower rate.
© ILYA AKINSHIN/stock.adobe.com, © 123object_stock/stock.adobe.com, © dreamsquares/stock.adobe.com; Photo illustration Encyclopædia Britannica, Inc
If you have several debts from different places, you might be going nuts trying to keep up with all the various payments and interest rates. Debt consolidation can help you combine your debts into more manageable chunks. With fewer payments—and potentially lower interest rates—you might be able to tackle your debt faster and save money overall.
Here’s a look at debt consolidation, consolidation loans, and what you can do to create more streamlined finances.
What is debt consolidation?
When you consolidate your debt, you combine multiple…