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  2. Common types of installment loans and their best uses - AOL

    www.aol.com/finance/common-types-installment...

    Debt consolidation: A debt consolidation loan is a type of personal loan that allows you to roll multiple lines of high-interest debt into a single account with a fixed monthly payment.

  3. 8 Ways to Use a Debt Consolidation Loan for Your Credit Card Debt

    www.aol.com/8-ways-debt-consolidation-loan...

    Lower Interest Rates = Lower Interest Payments: Debt consolidation loans, such as installment loans, generally offer lower interest rates compared to credit cards. Securing a lower rate with a ...

  4. 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 ...

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

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

    The interest rate is fixed on most debt consolidation loans, which means you’ll get a predictable monthly payment that you can work into your budget. But a debt consolidation loan only makes ...

  6. Choosing a debt consolidation lender: How to find the best

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

    According to Bankrate data, the average personal loan currently has an interest rate of around 12 percent. That said, interest rates on debt consolidation loans range from about 7.5 percent to 36 ...

  7. Debt consolidation without a loan: Here’s how to do it

    www.aol.com/finance/alternatives-debt...

    Debt consolidation loans are personal loans that combine multiple high-interest debts into a single account with a fixed rate and repayment term. These loans are issued based on creditworthiness ...

  8. Debt Counselors: Which of These 3 Ways To Consolidate Debts ...

    www.aol.com/finance/debt-counselors-3-ways...

    If you find yourself unable to get out from under burdensome, high-interest debt despite your best efforts, it might be time to consider debt consolidation. There are several key ways to do this ...

  9. Debt relief: Pros and cons - AOL

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

    Debt consolidation loans can offer lower fixed interest rates, a fixed monthly payment plan and a set repayment schedule. You’ll only have to make one debt payment per month rather than several.

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