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

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

   Imagine you have three credit cards with different interest rates and minimum payments, you could use a debt consolidation loan to pay off those cards. You’d have just one monthly payment to ...

3. What is a debt consolidation loan — and can it help you lower ...

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

   A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...

4. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

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

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

   A debt consolidation loan can provide a lower interest rate than most credit cards. According to Bankrate data , the average personal loan currently has an interest rate of around 12 percent.

6. 4 types of debt you can consolidate

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

   Debt consolidation is when you take out a new loan to pay off multiple debts and simplify your repayment by potentially reducing the overall cost by securing better terms and interest. While it ...

7. 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 ...