Best Debt Consolidation Loans for 2019 – NerdWallet

If youre like many Americans with rising credit card balances, you may be looking for ways to get your debt under control. Debt consolidation loans are one option that can reduce your debt and help you pay it off sooner.

Debt consolidation is the process of combining multiple debts such as credit cards, medical bills and payday loans into one debt with a fixed monthly payment. Consolidating debt with a personal loan works best if the rate on the loan is lower than the combined interest rate on your existing debt.

When comparing debt consolidation loans, look for low rates, flexible terms and consumer-friendly features such as direct payment to creditors.

Debt consolidation loans for average to bad credit

It may be difficult for bo…

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