Businesses: Offer Customer Financing to 10X your sales & profits. All businesses & products qualify.
Debt consolidation is a debt management method in which one or more debts are rolled into another type of financing. For example, you could get a debt consolidation loan or a balance transfer credit card and use it to pay off old debts at a lower interest rate.
You should ideally consolidate your debt at a lower APR than you are already paying. This can save you money on interest, cut your monthly payments, and allow you to pay off debt faster.
Although there are numerous ways to consolidate debt, the process is typically the same: you pay off one or more debts with a new debt. Personal loans and balance transfer credit cards are two popular debt consolidation methods.
Depending on your specific situation—how much debt you need to consolidate, your credit score, how quickly you need the funds, the sort of debt you have, and other criteria—one approach may be more suitable for you than another.
With a debt consolidation loan, you can combine multiple types of debt into one fixed monthly payment.
Balance Transfer Credit Card:
Consolidate credit card debt into a lower-interest balance transfer credit card.