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We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. We're on your side, even if it means we don't make a cent.At Nerd Wallet, we thoroughly research financial products and companies, and adhere to strict standards of editorial integrity to find you the best choices.This savings can be reinvested in your debt payoff to eliminate your balance faster.Another advantage to consolidation is that you’re moving from multiple monthly debt payments down to just one.
Fw-300 #ya-qn-sort h2 /* Breadcrumb */ #ya-question-breadcrumb #ya-question-breadcrumb i #ya-question-breadcrumb a #bc .ya-q-full-text, .ya-q-text #ya-question-detail h1 html[lang="zh-Hant-TW"] .ya-q-full-text, html[lang="zh-Hant-TW"] .ya-q-text, html[lang="zh-Hant-HK"] .ya-q-full-text, html[lang="zh-Hant-HK"] .ya-q-text html[lang="zh-Hant-TW"] #ya-question-detail h1, html[lang="zh-Hant-HK"] #ya-question-detail h1 #Stencil . To come out ahead, you need to find a consolidation loan with a low interest rate and a reasonable term.You can consolidate using a personal loan or a balance transfer credit card.Just be sure you’ve considered all the Nerds’ points before moving forward with consolidation.For many people battling debt like credit card bills, medical bills and student loans, debt consolidation is an effective way to reduce monthly payments, lower interest costs and ultimately get debt-free faster.
Finding a Personal Consolidation Loan Using a Balance Transfer Consolidating Student Loans Community Q&A Loan consolidation can save you money if done right.