If you are in debt, loan consolidation
may be an option for
you. A consolidation loan is the replacement of multiple loans
with a single loan, often with a lower monthly payment and
a longer repayment period.
For example you may currently have two or more personal loans
or credit cards with outstanding balances totaling $18,000
and the amount you have to pay back on all these loans is
in excess of $450 per month.
By consolidating all these debts into a single loan over a
longer term of say 7 years, the amount you may have to repay
could be reduced to less than $300 per month. If you have
a mortgage, debt consolidation
process can save even more
Now for Debt Consolidation