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2. What is a debt consolidation loan — and how can it help you ...

   www.aol.com/finance/what-is-a-debt-consolidation...

   The best time to use a loan for debt consolidation is when interest rates fall lower than they were when you first took on your debt — especially if you’re consolidating other personal loans.

3. 5 best debt consolidation options

   www.aol.com/finance/5-best-debt-consolidation...

   Using the example above, if you take out a $5,000 debt consolidation loan with a three-year term and an 11 percent fixed interest rate, you’ll pay $164 per month and $892.97 in interest over the ...

4. How to consolidate business debt

   www.aol.com/finance/consolidate-business-debt...

   Calculate how much debt you owe. The first step to consolidating business debt is to calculate the total debt you owe. You can do this by adding up your payoff balances for all your loans to get a ...

5. How does debt consolidation work? Answers from someone who’s ...

   www.aol.com/finance/debt-consolidation-loans...

   Debt consolidation combines multiple loans into one monthly payment. Debt consolidation only makes sense if the interest costs of your new loan or line of credit are lower than the interest costs ...

6. Debt consolidation - Wikipedia

   en.wikipedia.org/wiki/Debt_consolidation

   The overall lower interest rate is an advantage that debt consolidation loan offers to consumers. Lenders have fixed costs to process payments and repayment can spread out over a larger period. However, such consolidation loans have costs: fees, interest, and "points" where one point equals to one percent of the amount borrowed. In some ...

7. Pros and cons of debt consolidation

   www.aol.com/finance/pros-cons-debt-consolidation...

   Takeaway: Because you use the loan funds to pay off other debts, debt consolidation can turn two or three payments into a single payment. This can simplify budgeting and create fewer opportunities ...

8. 4 types of debt you can consolidate

   www.aol.com/finance/3-types-debt-consolidate...

   Unsecured debt, such as credit cards, student loans, medical bills and high-interest loans can all be consolidated. Debt consolidation is when you take out a new loan to pay off multiple debts and ...

9. How to consolidate debt without hurting your credit

   www.aol.com/finance/consolidate-debt-without...

   Depending on the method used, debt consolidation can also help lower your overall interest rate. You can consolidate your debt in a few ways. How you decide to consolidate your debt can change how ...