Can You Benefit from Debt Consolidation?

[{"selector":"#anim-30691611-12e7-454e-a8bf-5b02b4b3ca6e","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6df3b5b3-9a0b-49fb-b80f-c6c8e7f8b831","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46a52551-4b9b-4068-95d5-9de66acbfeb6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.554687369870674%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d7515375-d5bc-4db8-9df3-ce1de0bcab37","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aaf9319f-6c2a-4730-8ca8-27624492c4e2","keyframes":{"transform":["translate3d(55.88973%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

There are pros and cons to debt consolidation loans, and they can be a perfect tool to help you get your financial life on track.

[{"selector":"#anim-5689b359-4cc5-465d-82c7-458c09a7b47e","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5a9387a9-48b5-4566-99f9-13aea8957b79","keyframes":{"transform":["translate3d(-118.36735%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2bd6bf08-784a-4feb-acf6-0bab9ef3cc4e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.554687369870674%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

What is a Debt Consolidation Loan?

[{"selector":"#anim-5c30d8d0-f024-4fce-9304-ad0a495b3c19","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1c1cc24-7362-43fd-a766-e6c443afe8a5","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5fe340ee-cb1a-43a1-b1a3-5f52c1364bbf","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce4a21d3-9af5-4ab0-92bd-ff730718314d","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2a2a68f-3fec-4175-a22c-6a6f1ad028af","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1315be79-834a-4a53-ad37-01f26916c381","keyframes":{"transform":["translate3d(-115.55555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A debt consolidation loan is a new loan that you take out to cover the balance of your other loans. Learn more

Should I Get A Debt Consolidation Loan?

[{"selector":"#anim-4914f0c1-ef0b-446c-b1a9-abf2db12189f","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b66aa44-3ba1-4e71-ae49-ec78a3cfb03d","keyframes":{"transform":["translate3d(120.35714%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a8035a3b-7ca5-4ede-ab39-558e4f5dd049","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b80c6a17-cb81-4dfa-a60b-77d7eb2bc55e","keyframes":{"transform":["translate3d(-115.38462%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5dce726-f32c-4527-84b2-f65c0ea63f02","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98e33017-28e1-487f-8a63-abe884d71d90","keyframes":{"transform":["translate3d(115.23810%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79578354-27e8-4b63-810b-1a0db2cc14d5","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9e617f2-afd2-457a-b4f8-408d3a22aef0","keyframes":{"transform":["translate3d(125.71427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] If you’re in a pinch and need to consolidate your loans to make them more manageable, then your best option may be to get a personal loan or a debt consolidation loan. Learn more

Cons

[{"selector":"#anim-9d550051-7813-4e22-a6b5-c0e1d08f4806","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3c74fc1-829e-46b9-89b7-d5ae0913aeb5","keyframes":{"transform":["translate3d(124.56140%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7876fa3b-9e36-4c03-ac8a-ff4bae4ec795","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79e4b077-a17c-4086-8b18-7578afaba6fe","keyframes":{"transform":["translate3d(-127.7193%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f7289b4-346d-40e4-a1e0-8b2d9f407c34","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":450,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-a1f55089-bc05-4b3d-91d5-34d0899aecc2","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":900,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-7fb7dbb7-d225-4b04-bae4-c5c1a1d3c012","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":450,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-ed2a9c89-1e02-44a0-adfd-d99f4fa4c486","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":900,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Simplified finances Lower interest rates Upfront costs Higher interest rates Learn more

The Bottom Line

[{"selector":"#anim-a2f5c845-c77a-4a47-b95a-949604a871da","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17200107-7caa-49a8-8bd3-962009d1795e","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e72e1904-345c-4569-abce-7e283a51c418","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33fcc0d9-5610-48b8-85f8-bc5f058cedd0","keyframes":{"transform":["translate3d(-116.08833%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1603727c-c673-45a9-b904-1593cabe2506","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0a96753-833c-4a5b-84fd-92de8a604a99","keyframes":{"transform":["translate3d(-116.19048%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A debt consolidation loan can be an excellent idea if you have many loans due to many different creditors. Learn more

[{"selector":"#anim-d93f14ab-9987-4807-b4fe-67d48b7412a9","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92ad61c8-a207-49ed-b865-7b4b6b3fa77d","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb043895-4a96-4be5-bfc7-c9c032c092f0","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcf3a3ac-06cc-4438-bf6f-05dc89652946","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] If you have trouble keeping track of your debts and payments, then you absolutely should consider getting one. Learn more

Swipe Up to read more!

[{"selector":"#anim-f5547667-0bd2-4adb-aed3-90cc86e8d1b2","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d8a6ce6-620c-443a-9f31-5cebc2dd0e3c","keyframes":{"transform":["translate3d(0px, 297.79081%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c821579-5c4c-44ab-b4f4-a0f0d2c852f5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.554687369870674%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more