But debt consolidation isn’t a one-size-fits-all solution.
The first step in choosing the right debt consolidation loan is to assess your current debt load and determine what can be consolidated.
The interest rate may change, however, if the borrower makes late payments or defaults.
A borrower with a strong credit history and ability to repay – and valuable collateral – is more likely to earn the most favorable interest rate terms.
We are a nonprofit agency and our fees are among the lowest in the industry.
But in most cases, these programs can be the first step in achieving financial freedom by helping you consolidate your debt.
If you’re looking for relief from juggling credit cards, medical bills, or other debt, we can help.
Debt consolidation loans offer predictable monthly payments, a simpler repayment timeline, and lower interest rates.
This sometimes results in savings that may help a responsible borrower pay back credit card debt faster.
Personal loans and credit card balance transfers are two ways that consumers can consolidate credit card debt. An unsecured loan is not supported by an asset such as a house or car.