A DEBT CONSOLIDATION LOAN is a plan to simplify your bill commitments by combining multiple high-interest debts, usually credit cards and other debts like the balance of a car loan into a single payment.
Consolidation cuts costs by reducing monthly payments into one manageable fixed amount enabling you to stay on top of your financial outgoings. It is a long-term financial strategy to help you get out of debt.
Typically after 3-5 years you can completely eliminate your overall debt.
At Loansmart we can consolidate your debts into one manageable payment, simply apply on line to get started.